LONDON (Alliance News) - Foundry and engineering company Chamberlin PLC on Friday said trading in the first three months of its current financial year was subdued, in line with its expectations.
Chamberlin said it is driving efficiency improvements in its manufacturing operations and does expects a rise in volumes in the second half, but said it is taking a hit from the weak euro.
Due to the expected second-half improvement, Chamberlin anticipates it will hit market expectations for the full year.
Chamberlin shares were untraded early Friday, having last traded at 81.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Chamberlin Plc (CMH)