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Interim Management Statement

22nd Feb 2011 09:11

RNS Number : 6296B
MS International PLC
22 February 2011
 



 

 

 

2010/11 Third quarter update

 

 

In my interim statement, I reported that it would not be unrealistic to expect that a strong second half out-turn for 'Defence' should be possible. Pleasingly, that expectation still applies. 

 

The Group order book is substantial and heavily biased in favour of 'Defence', our largest division. Whilst certain markets for 'Forgings' and 'Petrol Station Structures' have continued to improve, their overall recovery to date remains subdued.

 

Significantly, the balance sheet has made a strong recovery with net cash and short term deposits considerably higher currently than that reported at the interim stage.

 

In the meantime we continue to actively drive, encourage and support the Group's numerous product development and production efficiency programmes.

 

 

Michael Bell

22 February 2011

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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