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.
Castings (CGS)