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Share Price: 369.00

Bid: 360.00

Ask: 378.00

Change: 0.00 (0.00%)

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Prev. Close: 369.00

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IN BRIEF: Castings Expects Further Improvement In Output Levels

Tue, 06th Oct 2020 14:10

Castings PLC - West Midlands-based iron caster - Output levels moving back towards pre-Covid levels during the third quarter of the year ending March 31. Impact of Brexit and Covid-19 pandemic remains uncertain. Notes forecast in August which suggested demand from the commercial vehicle sector to increase to 85% of pre-Covid output levels from over 60% at the time and highlights monthly demand is now at level forecast. Cash as at September 30 was GBP35 million. To publish half year results on November 30.

Current stock price: 333.06 pence

Year-to-date change: down 20%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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