By Steve Moore | Tuesday 26 November 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
UK foundries and engineering group Chamberlin plc (CMH) has reported results for the six months to 30th September 2013 which it notes “reflects the difficult conditions in the foundry division, especially in the medium and heavy casting business. The performance at the light castings operation at Walsall was more resilient with revenues only marginally lower year-on-year. The group's engineering businesses, which account for 25% of group sales, delivered an increase in revenues”.
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