REG - Chamberlin PLC - Trading Statement

ChamberlinAnnouncement

13/02/2020 17:55

RNS Number : 9797C
Chamberlin PLC
13 February 2020
 


AIM: CMH
13 February 2020
 
 
 
 
CHAMBERLIN PLC
("Chamberlin" or the "Company")
 
 
Trading Update
 
Chamberlin plc (AIM: CMH.L), the specialist castings and engineering group, announces that trading in the second half of the current year has been subdued, particularly due to the uncertainties around Brexit and in the run up to the UK general election.  The Company announced previously that prospects for the business were improved following the restructuring undertaken during the first half of the year, although the full benefit of these measures will be seen in the next financial year and beyond.
 
As a result, sales for the second half will be slightly higher than the £12.8m reported in H1.  This is expected to lead the Company to breakeven at the operating profit level in the second half and will result in an operating loss for the year broadly the same as the loss of £1.01m reported for the six months to 30 September 2019.
 
Looking forward the Board remains cautiously optimistic that the lower cost base and prospective pipeline will benefit Chamberlin over the years ahead.
 
 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014
 
 
 
Enquiries
 



Chamberlin plc
Kevin Nolan, Chief Executive
Neil Davies, Finance Director






T: 01922 707100
 


















Cenkos Securities plc (Nominated Adviser and Broker)
Russell Cook
Katy Birkin






T: 020 7397 8900


















KTZ Communications (Financial PR)
Katie Tzouliadis
Dan Mahoney






T: 020 3178 6378



 




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