Foundry group disappoints investors after losses widen
Walsall foundry group Chamberlin disappointed investors by announcing a widening of full year losses.
There had been major fluctuations in the group’s share price prior to the release of its full year results and the firm closed more than 11% down - although this was a recovery from an earlier decline of 19.5%.
Revenues for the year to March 31, 2017 increased 10% to £32.1m (2016: £29.1m), with growth coming from new, cast-only, work at the group’s main Walsall foundry. There was also an increased market share from its two... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
