Castings Regulatory News (CGS)

11 Feb 2008 09:00

Castings PLC11 February 2008 Castings plc Interim Management Statement Castings plc publishes its second interim management statement covering theperiod from 1 October 2007 to 31 January 2008. The company remains busy and working at maximum production. However, margins forthe last three months of this financial year will again be affected by abnormalrises in scrap and pig iron prices. There will be a delay of six to nine monthsbefore these increases can be recovered. Notwithstanding these cost pressures, the company still anticipates it willachieve analysts' forecasts of the profit for the year to 31 March 2008. Work continues to progress satisfactorily on the new moulding line currentlyunder construction for William Lee. There are no other material developments toreport. B.J.Cooke, ChairmanCastings plc, Lichfield Road, Brownhills, West Midlands WS8 6JZ 11 February 2008 This information is provided by RNS The company news service from the London Stock Exchange