Metalrax reduces debt levels

Metalrax, a supplier of specialist engineering and consumer durable products, has continued to make 'good progress' in reducing net debt, which has consistently been lower than anticipated.

Metalrax, a supplier of specialist engineering and consumer durable products, has continued to make 'good progress' in reducing net debt, which has consistently been lower than anticipated.

The directors anticipate that the group's performance for the full year ended December 31st 2011, which has seen cash flow from operations continues to be positive, will be in line with market expectations.

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