We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chamberlin Plc | LSE:CMH | London | Ordinary Share | GB0001870228 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 1.20 | 1.30 | 1.25 | 1.25 | 1.25 | 390 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 20.72M | -125k | -0.0007 | -17.86 | 2.24M |
TIDMCMH
RNS Number : 8656T
Chamberlin PLC
18 October 2017
AIM: CMH
18 October 2017
CHAMBERLIN plc
("Chamberlin" or "the Company" or "the Group")
Trading Update
Chamberlin, the specialist castings and engineering group, announces an update on trading for the financial year to 31 March 2018.
Revenues for the first six months of the current financial year are in line with management expectations, reflecting overall good levels of demand across the foundry and engineering businesses. However, margins within the Group's foundry businesses have been adversely affected by production issues. At the new machining facility technical difficulties have created cost inefficiencies and extended cycle times. The Company is addressing these issues and is working very closely with the machine and tooling suppliers to rectify the situation.
While management still expects Group revenues for the year to be substantially ahead of the prior year, underlying profits are now expected to be in-line year with the prior year.
The two engineering operations, Exidor and Petrel, continue to trade in line with expectations, and demand for turbo charger bearing housings, a key growth driver for the Group, continues to grow.
Results for the half year to 30 September 2017 are expected to be published towards the end of November 2017, when a further update on current trading will be provided.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Enquiries
Chamberlin plc (www.chamberlin.co.uk) T: 01922 707100 Kevin Nolan, Chief Executive David Roberts, Finance Director Smith & Williamson T: 020 7131 (Nominated Adviser and Broker) 4000 Russell Cook, Katy Birkin KTZ Communications T: 020 3178 (Financial PR) 6378 Katie Tzouliadis, Irene Bermont-Penn, Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTGGGBCUUPMGAM
(END) Dow Jones Newswires
October 18, 2017 02:00 ET (06:00 GMT)
1 Year Chamberlin Chart |
1 Month Chamberlin Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions