A FREEZING Northern hemisphere winter has meant commercial chemicals manufacturer Campbell Brothers Limited (CPB) are expecting a 29 per cent NPAT fall in 2010.
The extreme conditions impacted the translation of offshore earnings because of difficulties in sample flows to the company’s environmental testing labs abroad.
Managing director Greg Kilmister highlights the expected profit of $75 million as reflecting a solid performance considering economic conditions last year, showing the strong business discipline of CPB.
This year the company will continue the process of integration of the recently-acquired assets of environmental solutions company Ecowise and industrial services provider PearlStreet.
These acquisitions are expected to have a negative impact on second half earnings, but will contribute strongly to results in FY11.
Late last year managing director Greg Kilmister upped the ante on his commitment to the company, buying 3859 shares worth a total of $90,365.
Get our daily business news
Sign up to our free email news updates.