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Castings PLC Ord 10P (CGS)

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13-Nov-2015 07:28 AM

Castings expects to meet market expectations

Castings has reported that sales for the six months ended 30 September 2015 were £65.0m (2014 - £63.6m) with profit before tax of £9.51m (2014 - £8.34m). It says that sales revenue has been affected by the general reduction in raw material prices dur
10-Jun-2015 09:10 AM

Castings operating profits fall

Castings posts an operating profit of £17.4m for the year to the end of March - down from £21.6m in 2014. Group revenues fell by 4.5% to £131.3m of which 67% was exported, unchanged from 2014. The revenue from the foundry operations to external cus
26-Feb-2015 01:05 PM

Castings board changes

Castings has announced that Brian Cookw will become a non-executive director with effect from 31 March but continue in the role of chairman. C.P. King will not be seeking re-election as a non-executive director at the company's next annual general
14-Nov-2014 09:07 AM

Castings pre-tax profits fall

Interim sales and pre-tax profits at Castings were down on a year ago. Sales for the six months to the end 30 September fell to £63.6m - down from £65.9m - while pre-tax profits dropped to £8.34m from £9.57m. Castings says: "It was reported at
19-Aug-2014 09:11 AM

Castings' sales below forecasts

Castings' sales up to the end of July were below forecasts, shareholders at the annual general meeting later today will be told. Chairman Brian Cooke will say that following the statement in his report in June, it is disappointing to report that sal
05-Mar-2014 11:11 AM

Director at Castings to retire

Castings has announced that Graham Cooper, managing director at subsidiary company, William Lee, is to retire. He will leave the Group's Board at the end of September.has given notice that he will be retiring from the group board of directors on 30
19-Feb-2014 09:15 AM

Castings in line with market forecasts

Castings expects full-year results will be in line with market forecasts although short-term variable demand has caused certain inefficiencies in its operation. An interim management statement for the period from the beginning of October to the end of J
15-Nov-2013 09:14 AM

Castings pre-tax profits rise

Castings posts pre-tax profits of £9.6m for the six months to the end of September - up from £9.1m last time. Revenues rose to £65.9m from £60.4m and operating profits increased to £9.5m from £9.0m a year ago. Chairman Brian Cooke said: "The
13-Aug-2013 09:08 AM

Castings seeing improved demand

Castings is still enjoying the improving demand from customers in the commercial vehicle industry and expects this to continue for the next few months. Shareholders at the annual general meeting later today (13 August) will also hear that the company hop
12-Jun-2013 09:40 AM

Castings turnover down 3% from record £126.3m

Castings turnover fell to £122.2m in the year to the end of March - down 3% from last year's record £126.3m but the second highest int he group's history. And the group said that while pre-tax profits fell to £19.2m from £23.1m the result
15-Feb-2013 09:05 AM

Castings marginally below current market forecasts

Iron castings and machining group Castings expects full-year results will be marginally below current market expectations. The company says that since its last interim report there have been further reductions in demand from many of its customer althoug
16-Nov-2012 09:44 AM

Castings first half sales fall

Castings sales for the six months to the end of September were £60.4m compared with £64.0m a year ago while profits before tax but after exceptional items slipped to £9.11m from £10.13m. The company said it enjoyed reasonable trading conditions up to
14-Aug-2012 09:53 AM

Castings trading 'satisfactory'

Castings expects trading to be satisfactory for at least the next three months and has had no indications of reductions in its customer schedules. But chairman Brian Cooke says the company must always be aware of the continued economic problems in Europ
20-Jun-2012 09:19 AM

Castings unveils record pre-tax profits

Iron castings and machining group Castings posted record turnover and profits for the year to the end of March. Turnover rose to £126.3m - up from £105.4m - while pre-tax profits increased from £15.5m to £23.1m. Castings said the profits include £
03-Apr-2012 03:34 PM

Castings confirms board changes

Castings non-executive director Anthony Smith has resigned from the board of directors on retirement. Alec Jones has been appointed as a non-executive director at a board meeting today (3 April). Jones is a chartered accountant and was a partner in Pr
15-Feb-2012 09:59 AM

Castings marginally better than market forecasts

Castings expects its full results tp be marginally better than market forecasts. But the company says it is impossible to make forecasts for next year in these uncertain times. At 9:59am: (LON:CGS) Castings share price was -17p at 310p Story provi
24-Nov-2011 09:50 AM

Castings pre-tax profits almost double

Interim pre-tax profits at Castings almost doubled to £10.13m in the six months to the end of September - up from £5.12m last time. Revenues rose to £64.0m from £44.6m and gross profits increased to £17.1m from £10.6m a year ago. The company said it had
16-Aug-2011 09:09 AM

Castings ahead of expectations

Castings is ahead of expectation after encouraging trading in the first three months. But chairman Brian Cooke says while company has had no indication from its major customers of reductions in demand, it is still too early to know how the current econom
22-Jun-2011 09:33 AM

Castings pre-tax profits up at £15.5m

Castings posts pre-tax profits of £15.5m for the year to the end of march - up from £9.8m last time - and the group is now operating at pre-recession levels. Operating profits rose to £15.3m from £9,.7m and revenue increased by 74% to £105m of which 60%
16-Feb-2011 09:15 AM

Castings expects FY to be marginally better than forecasts

Castings expects year-end results to be marginally better than market forecasts. The company said it continued to see an improvement in customer demand. It also said plans for further development in its machining business were under way and more informa
25-Nov-2010 10:40 AM

Castings profits recover

Castings has reported a strong rise in interim pre- tax profits for the six months to 30 September 2010 to £5.12m, up from £1.89m last time. The Board has maintained the interim dividend of 2.71p per share. Sales were 71.5% higher at £44.6m ( 2009 inte
17-Aug-2010 10:30 AM

Growing demand reported by Castings

Castings says that demand for its products is continuing to grow. Chairman Brian Cooke states:"We are continuing to invest in new machines at CNC Speedwell in order to meet the increasing schedules particularly from the commercial vehicle industries
23-Jun-2010 10:28 AM

Castings profits up on reduced turnover

Castings has reported a pre-tax profit of £9.8m for the year to 31 March 2010 ( 2009 profit £3.6m). This is after crediting a net £2.0m in respect of one-off pension adjustments, and a net £0.2m of other exceptional items. After excluding these items
16-Feb-2010 10:01 AM

Castings sees small increase in demand

Castings has seen a small increase in demand since November but it does expect a return to full volumes for some time. It says this depends on new orders and economic improvements throughout Europe. The firm says the new foundry at William Lee has bee

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