Macfarlane Group is on course to report a 30% hike in profits in spite of price deflation and lower sales.
The packaging company said it has benefited from stronger margins and is confident it will improve on the underlying profit of £3.9 million reported in 2011.
Chief executive Peter Atkinson said Macfarlane has lowered its prices, witnessed subdued demand from some sectors, and exited unprofitable relationships with customers.
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