StockMarketWire.com - Castings said it expected to report annual results ahead of market expectations following 'strong' demand during the second half of the financial year.

The upbeat outlook comes as the foundries saw improved margins during the second half with 'enhanced productivity and a reversal in the time lag in passing on raw material price increases,' the company said.

'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.' expects to report final results for the year ended 31 March 2019 ahead of market expectations.




At 9:31am: [LON:CGS] Castings PLC share price was +26p at 385p



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