21st Jan 2015 09:18
LONDON (Alliance News) - Stadium Group PLC on Wednesday said its 2014 trading was in line with its expectations, boosted by good results from its technology products division.
The company, which manufactures injection moulded plastics and electronic assemblies, said it plans to upgrade its South China manufacturing capacity in the new year by moving to a new site when its current lease expires in the middle of 2015.
The total cost of the site upgrade will be less than GBP1 million, Stadium said, which it said will be offset by lower operating costs and forecast growth for the company in 2015 and beyond. It expects the investment in the facility to achieve payback in two to three years.
Stadium will post its results for the year to December 31 on March 10.
Stadium shares were down 6.2% to 108.375 pence in early trade on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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