4th Nov 2022 14:39
Chamberlin PLC - West Midlands-based castings and engineering company - Pretax loss in the year that ended May 31 narrows significantly as firm touts first post-tax profit for the first time in five years. Annual pretax loss narrows to GBP509,000 from a loss of GBP10.4 million in the 14 months to May 31, 2021. Swings to post-tax profit of GBP72,000 from a loss of GBP9.6 million, owing to a tax credit of GBP581,000. Revenue falls 36% to GBP16.8 million from GBP26.4 million. Cost of sales narrows 38% to GBP15.0 million from GBP24.3 million. Other operating expenses decrease to GBP2.0 million from GBP12.3 million. Read More
