Intertape Polymer gains in Q2

MONTREAL ― Intertape Polymer Group this week reported Q2 profits of $15.1 million, a $4.9 million increase from a year ago. Total revenues for the quarter rose 18.5% to $249.1 million, primarily due to an increase in average selling price, including the impact of product mix, and additional revenue from the company’s acquisitions of Cantech and Airtrax. The quarter also saw a decrease in expenses, which fell 3.8% to $27.6 million.