Chamberlin, the AIM-listed specialist foundry and engineering group, expects to deliver pre-tax profits for the full year in line with current market expectations of approximately 1.3m pounds.
In an update on trading for the financial year to March 31st, ahead of its financial results which are due out in May, the group said that the results followed softer market conditions encountered in the second half of the year.
The group reported that it was continuing to generate positive cash flows and expected net debt at the year end to close materially lower than the same point last year, at below £1.0m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chamberlin's share price was up 4.84% to 97.50p at 12:53 on Friday.
MF
-
Half of UK homeowners will need to tap housing wealth to pay for retirementUnlocking property wealth could inject £21 billion each year into UK economy by 2040, according to new research
-
When will M&S take online orders again?Shoppers have not been able to place orders on the M&S website for more than two weeks, following a cyberattack. Meanwhile, the retailer’s share price has plummeted by 15%. When will things get back to normal?
