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
Chamberlin's share price was up 4.84% to 97.50p at 12:53 on Friday.
King Charles banknotes to enter circulation in June
New banknotes featuring the King will enter circulation on 5 June – here’s what they will look like and what you need to know about your old notes.
By Katie Williams Published
Metro Bank to slash 5.22% savings rate for current customers- what’s the next best alternative?
Metro Bank is set to cut the rate on its best buy instant access saver for existing customers. Is there an alternative on the market and should you switch now?
By Vaishali Varu Published