Zotefoams (GB:ZTF) has released an update.
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Zotefoams PLC has reported a robust financial performance for the first half of 2024, with a 10% increase in revenue to £71.1 million and a 12% rise in profit before tax to £8.3 million, driven by strong demand for High-Performance Products (HPP) and partnerships such as with Nike. The company also highlighted the advancement of their recyclable barrier packaging technology, ReZorce, and strategic global alliances, signaling positive momentum and confidence in continued growth. An interim dividend increase of 4.4% reflects the company’s solid financial position and optimistic outlook.
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