13th Feb 2020 18:45
(Alliance News) - Castings & engineering group Chamberlin PLC said Thursday it expects its operating loss for its current financial year to be similar to the GBP1.0 million reported for the first half.
Chamberlin said trading in the second half of the year to date has been subdued, mainly as a result of Brexit uncertainty and the run up to the UK general election.
Although prospects for the business were improved following the restructuring undertaken during the first half, the full benefit of these measures are set to make themselves known in the next financial year.
Sales for the second half are expected to be higher than the GBP12.8 million reported in the first half.
Shares in Chamberlin closed untraded on Thursday in London, last quoted at 25.25 pence.
By Dayo Laniyan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
CMH.L