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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% | 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 : 9797C
Chamberlin PLC
13 February 2020
AIM: CMH
13 February 2020
CHAMBERLIN PLC
("Chamberlin" or the "Company")
Trading Update
Chamberlin plc (AIM: CMH.L), the specialist castings and engineering group, announces that trading in the second half of the current year has been subdued, particularly due to the uncertainties around Brexit and in the run up to the UK general election. The Company announced previously that prospects for the business were improved following the restructuring undertaken during the first half of the year, although the full benefit of these measures will be seen in the next financial year and beyond.
As a result, sales for the second half will be slightly higher than the GBP12.8m reported in H1. This is expected to lead the Company to breakeven at the operating profit level in the second half and will result in an operating loss for the year broadly the same as the loss of GBP1.01m reported for the six months to 30 September 2019.
Looking forward the Board remains cautiously optimistic that the lower cost base and prospective pipeline will benefit Chamberlin over the years ahead.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014
Enquiries
Chamberlin plc T: 01922 707100 Kevin Nolan, Chief Executive Neil Davies, Finance Director Cenkos Securities plc (Nominated Adviser T: 020 7397 8900 and Broker) Russell Cook Katy Birkin KTZ Communications (Financial PR) T: 020 3178 6378 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
TSTUOVBRRAUUAAR
(END) Dow Jones Newswires
February 13, 2020 12:53 ET (17:53 GMT)
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