Cash-rich Qualceram attracts the brokers

The Arklow-based bathroom suites manufacturer, Qualceram, which is a relatively new stock to the Dublin market, continues to …

The Arklow-based bathroom suites manufacturer, Qualceram, which is a relatively new stock to the Dublin market, continues to attract buy recommendations from brokers. The company has reported strong growth in sales and profits since its flotation in September, and according to its brokers, the Britishbased Teather & Greenwood, is still selling strongly into the Irish and British markets. Qualceram has since purchased further space to house its warehousing and distribution operations in Arklow and is planning further expansion this year. But despite this aggressive growth, the company is expected to remain in a net cash position that should allow it to finance this growth from its own resources.