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Cookson sees a sunny outlook

By DAILY MAIL REPORTER
Updated: 04:58 EDT, 5 August 2010

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Industrial materials group Cookson bounded back into the black in the first six months, but it warned that customer sentiment still lagged pre-crisis levels.

Cookson, which makes complex materials for the solar energy and electronics industries, posted first half pre-tax profit of £104m, compared with a £3.3m loss a year ago.

But the board declined to issue an interim dividend, citing an 'uncertain' economic outlook.

Cookson (down 25.6p at 453p) remained bullish about second-half orders.

However, analysts advised caution, with one pointing to the group's 'worrying' level of net debt, which stands at £405m.

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