Straight looks forward with “renewed confidence”

RECYCLING group Straight today said it is looking forward to the future with renewed confidence as it prepares for its annual general meeting.

Chairman James Newman will announce at the AGM this morning that sales for the first six months of 2013 were £13.9m and that the Leeds-based group expects EBITDA for the period to exceed £1m.

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He said: “We are delighted that the manufacturing business has generated profits for six consecutive months as a consequence of the significant changes made to it and believe this progress is not only sustainable but can be built upon.

“The group is now profitable and with its order book consistent with levels achieved in recent years, we can look forward with renewed confidence.”