News Article

Sales up at Progroup

21 July 2021

Progroup, a manufacturer of single and double-wall corrugated boards for the packaging industry, has increased its sales and narrowed losses during its latest financial year.

For the year to 31 December 2020, sales increased by 15.9 per cent from £63.5m in 2019 to £73.6m. Sales volume also increased significantly from 2019 to 2020 by 27.7 per cent.

Gross profit increase from £16.1m in 2019 to £22.9m in 2020.  The company reported a loss of £4.5m for 2020 but this was down from £5.2m.

The results were revealed in an annual report and financial statements for the Ellesmere Port-based firm.

Read more at: Insider Media