Essentra Backs Board’s Expectations After Swinging to Pretax Profit on Lower Costs

By Anthony O. Goriainoff

Essentra said it swung to a pretax profit for the first half after booking lower costs, and backed the board’s expectations for the year.

The FTSE 250-listed supplier of plastic and fiber products said Wednesday that pretax profit came to 10.3 million pounds ($13.1 million) for the half, compared with a loss of GBP10.7…