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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% | 0.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 20.72M | -125k | -0.0007 | -10.00 | 1.26M |
TIDMCMH
RNS Number : 3404G
Chamberlin PLC
23 July 2019
AIM: CMH
CHAMBERLIN plc
("Chamberlin", the "Company" or the "Group")
AGM Statement
Chamberlin, the specialist castings and engineering group, will be holding its Annual General Meeting at 11.30am today, and Keith Butler-Wheelhouse, Chairman, will provide the following update on current trading:
"Trading conditions remain tough with reduced demand from the European Auto Industry for Turbocharger components. As previously indicated substantial cost savings are being implemented. The savings will be fully effective in the second half, with overheads right-sized for the expected level of business. The first half will bear the costs of overhead reductions.
"Looking at prospects beyond the current year, although there remains uncertainty regarding exchange rates and possible tariffs post-Brexit, the Company is making good progress with potential new business discussions.
"We look forward to updating shareholders on further developments in due course."
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 Neil Davies, Finance Director Cenkos Securities plc T: 020 7397 8900 (Nominated Adviser and Broker) Russell Cook, Katy Birkin KTZ Communications T: 020 3178 6378 (Financial PR) Katie Tzouliadis, Dan Mahoney
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
AGMZMGZNRZRGLZM
(END) Dow Jones Newswires
July 23, 2019 02:00 ET (06:00 GMT)
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