22nd Oct 2015 07:59
LONDON (Alliance News) - Building and engineering products company Alumasc Group PLC on Thursday said it has made a "satisfactory" start to its current financial year and said demand from its core UK construction end market remains encouraging.
Chairman John McCall, in a statement to be delivered at the company's annual general meeting on Thursday, said Alumasc's order book has continued to improve and revenue in the financial year to June 2016 has thus far been marginally higher year-on-year.
McCall said the company has maintained its expectations for the full year, despite some signs that capacity constraints in the UK construction market have caused delays to some projects. He said that this could have an impact on the timing of revenue but that Alumasc remains confident it will meet its full-year goals.
Shares in Alumasc were down 3.5% to 210.00 pence Thursday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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