Molins Full Year Expectations Unchanged On "Similar" First Quarter

LONDON (Alliance News) - Tobacco machinery and control instruments manufacturer Molins PLC Friday said its 2016 expectations remain unchanged as it saw trading in the first quarter at "similar levels" to the previous year.

In a statement ahead of the company's annual general meeting, Chairman Phil Moorhouse said Molins continues to be cautious about market conditions, but the company's full year expectations remain the same, supported by its current level of order prospects.

Shares in Molins were up 1.0% at 50.00 pence Friday midday.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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