31 Jul 2014 07:00
AIM: CMH
CHAMBERLIN plc
("Chamberlin" or "the Group")
AGM Statement
Chamberlin, the specialist foundry and engineering group, will be holding its Annual General Meeting today and Chairman, Keith Butler-Wheelhouse, will provide the following update on current trading:
"Group revenue in the first quarter has been in line with management forecasts. The cost reduction activity initiated by the new management team in the fourth quarter of 2013 is generating a more positive outcome for the Group. Measures to achieve further cost efficiencies are being taken which the Board anticipates will generate improved profitability for the current year significantly above current market expectations."
Enquiries
Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director | T: 01922 707100
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Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook / Carl Holmes | T: 020 7149 6000 | |
KTZ Communications (Financial PR) Katie Tzouliadis / Deborah Walter | T: 020 3178 6378 |
Chamberlin Plc (CMH)