James Cropper PLC provided earnings guidance for the full year 2018. Since the half year results announcement, however, the price of pulp has continued to rise beyond levels forecast by the Group's external specialists. The full year impact of the higher pulp price on the Group's pre-tax profits is now expected to be approximately £3.5 million, with a net impact, allowing for the strength of TFP's trading and the interim cost savings, of £1.5 million. The Board, accordingly, expects pre-tax profits for the year to 31 March 2018 will be in the region of £5.7 million.