Photographer: David McNew/Getty Images

Polypipe Says Orders Holding Up After U.K. Vote to Quit EU

  • No sign of weakening in orders and market remains strong
  • First-half revenue jumped 31% to 223.3 million pounds

Polypipe Group Plc, the U.K. maker of plastic piping and ventilation systems, said orders are holding up in the wake of Britain’s vote to leave the European Union that’s impacted confidence in the economy from retailing to house prices.

Revenue in the first half of the year increased 31 percent to 223.3 million pounds ($288 million), Polypipe said in a statement on Tuesday. Since the June 23 referendum on Brexit, orders have remained consistent with the normal seasonal pattern, it said.

Chief Executive Officer David Hall said he’s sticking to his current plans for the company, with one eye on the economic climate and adapting spending and production quickly should the need arise.

Pretax profit through June added 29 percent to 29.9 million pounds.

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