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14 Apr 2011 07:00
This announcement is a duplicate of RNS No 8791E, released at 5.50pm on 13 April 2011
AIM: CMH
CHAMBERLIN PLC
("Chamberlin" or "the Group")
Trading Update
Chamberlin, the specialist castings and engineering group, announces the following update on trading in advance of the publication of results for the financial year ended 31 March 2011.
The Board is pleased to report that full year results are expected to be in line with the upgraded market forecasts, published in November 2010, with the Group returning to profits. The positive trading momentum established since the end of 2009 has continued and demand in the second half of the financial year at the Group's three specialist foundries, in Walsall, Leicester and Scunthorpe, further improved. The Group's financial position remains robust, with confirmed borrowing facilities in place to provide sufficient headroom to support working capital requirements as recovery continues.
The Board is pleased with the strengthening performance of the Group over the financial year and sees continuing scope for profitable growth in the new financial year, supported by business development initiatives underway. The integration of the assets of Jebron Ltd, acquired in February 2011, is proceeding well.
Full year results are expected to be issued on 24 May 2011.
Enquiries:
Chamberlin plc | T: 01922 707100 | |
Tim Hair, Chief Executive | ||
Mark Bache, Finance Director | ||
Biddicks | T: 020 3178 6378 | |
Katie Tzouliadis | ||
Sophie Lane | ||
Charles Stanley Securities(Nominated Adviser) | T: 020 7149 6000 | |
Russell Cook | ||
Luke Webster |
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