Feb 28 British chemical maker Synthomer Plc's
full-year underlying profit fell nearly 5 percent,
weighed down by anaemic demand across European construction
The company, which supplies specialty emulsion polymers used
in construction, textiles, paper and latex gloves, said it had
begun 2014 with unit cash margins across its Europe and North
America (ENA) business slightly below the 2013 average.
The ENA business accounts for more than 70 percent of the
company's total revenue.
Underlying pretax profit for the year ended Dec. 31
decreased to 90.1 million pounds ($150.21 million) from 94.6
million pounds a year earlier. Revenue fell by slightly more
than 5 percent to 1.05 billion pounds.
Analysts on average expected the company to report pretax
profit of 90.7 million pounds on revenue of 1.07 billion pounds,
according to Thomson Reuters I/B/E/S.