Castings PLC Pre-Close Trading Update (6466X)
01 May 2019 - 4:00PM
UK Regulatory
TIDMCGS
RNS Number : 6466X
Castings PLC
01 May 2019
Castings PLC
Pre-Close Trading Update
Castings PLC announces a trading update in respect of the year
ended 31 March 2019 ahead of releasing its final results for the
year on 12 June 2019.
Following strong demand during the second half of the financial
year, which included some customer stock building, the company
expects to report final results for the year ended 31 March 2019
ahead of market expectations.
The foundries have seen improved margins during the second half
with enhanced productivity and a reversal in the time lag in
passing on raw material price increases. The management initiatives
implemented in the machining business have started to positively
impact results, particularly in the final quarter of the year,
although it will still take time for these to be fully
realised.
S J Mant
Director and Company Secretary
Castings PLC, Lichfield Road, Brownhills, West Midlands, WS8
6JZ
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END
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