James Cropper has announced its revenue for the year ended April 1, 2023, increased 24% to £129.7m ($163.5m) across the company’s portfolio.
The paper business at the centre of James Cropper’s transformation strategy has shown revenue growth of 25% to £88.2m ($111.19m) despite a challenging cost base. James Cropper specialises in advanced materials, luxury packaging and paper products.
Technical Fibre Products (TFP) Hydrogen Products is continuing to exceed expectations, installing a new hydrogen plant in New York, the US, to replicate its successful UK site and bring capability closer to its US customers. TFP generated an adjusted operating profit of £9.2m ($11.5m) compared to £8.7m ($10.9m) in the previous period.
Read more:TFP Hydrogen Products to increase US PEM electrolyser coating production capacity
