Plastics specialist Bowler Metcalf says its profit for financial 2022 fell by a tenth after rocketing oil prices drove an unprecedented increase in raw material prices amid a worldwide shortage.
Headline earnings per share from continuing operations fell 9% to 116.3c and profit from continuing operations dropped 10% to R100m. Total revenue, however, rose 6% to R673.1m. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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