Chamberlin Swings Into FY10 Loss, Sees Return To Profit FY11

LONDON (Dow Jones)--Chamberlin PLC (CMH.LN), a foundry and engineering group, Thursday reported a swing into loss for fiscal 2010 but it expects to return to profitability in the new financial year, adding that it plans to return to paying dividends once conditions improve. MAIN FACTS: -Revenue for the year ended March 31 down 28% to GBP28.5 million (2009: GBP39.9 million) -Underlying operating loss GBP0.9 million (2009: profit GBP0.5 million) -Statutory operating loss GBP1.1 million (2009: loss GBP0.3 million) -Exceptional reorganization costs GBP0.6 million (2009: GBP0.5 million) -Pretax loss GBP1.4 million (2009: GBP0.5 million) -Underlying pretax loss GBP1.1 million (2009: profit GBP0.3 million) -Diluted loss per share 16.4 pence (2009: loss 11.4 pence) -Underlying loss per share 13.1 pence (2009: earnings of 2.2 pence) -Cash generated from operations GBP0.5 million (2009: GBP0.7 million); borrowings at the year end stood at GBP3.45 million (2009: GBP3.26 million) -Significant new business for turbocharger castings in production -Full benefits in new financial year and beyond -Shares at 0805 GMT up 3 pence or 5%, at 62.5 pence, valuing the company at GBP4.4 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com Order free Annual Report for Chamberlin plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0001870228 or call +44 (0)208 391 6028 (END) Dow Jones Newswires June 10, 2010 04:08 ET (08:08 GMT)