StockMarketWire.com - Specialist castings and engineering group Chamberlin posted a deeper annual loss after it sold its Exidor unit and its margins contracted.

Pre-tax losses for the year through December amounted to £5.0m, compared to losses of £1.1m on-year.

Revenue from continuing operations rose 9.3% to £33.0m, though gross margin shrunk to 11.4%, down from 15.5%.

'Although revenues are expected to reduce, we are positioning Chamberlin to deliver an improved operating financial performance in the 2019/20 financial year,' chairman Keith Butler-Wheelhouse siad.


At 2:32pm: [LON:CMH] Chamberlin PLC share price was -4p at 38p



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