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)

Chamberlin (LSE:CMH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Chamberlin.
Chamberlin (LSE:CMH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Chamberlin.