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Business: Record sales push Barlo profits

Plastics and radiator manufacturer Barlo has reported a 67% increase in pre-tax profits to £14.2m for the year to the end of March. The profit rise was achieved on the back of a 27% hike in sales to £175.9m, with record sales in both divisions. Adjusted earnings per share were 26% ahead at 6.02p. The total dividend is 0.015p. Barlo says the introduction of the euro will eliminate unfavourable currency movements which previously affected its

performance.