Home Retail Profits rise at two Scottish packaging firms

Two of Scotland’s top packaging firms have reported a rise in profits.

Glasgow’s Macfarlane group has reported a 27% rise in half year profits to £0.9m, says the BBC.

Archie Hunter, chairman of the group, said the increase had been achieved “in the face of ongoing economic constraints and continued raw material cost price increases”.

He added: “The business has focused on recovering supplier price increases from existing customers, seeking out new business opportunities and improving efficiencies and the group has made progress on all these fronts.”

There was also good news from Greenock-based BPI which reported increased profits in the first half of the year by more than 15% to £15.1m.

However, the firm also reported that there had been a drop in sales over the last few months.

Chairman Cameron McLatchie said: “We have some customers who are just quieter than they would like and some who are well down on the previous year’s demand.”

But, he anticipated that the group would deliver “satisfactory” full-year results.

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