Castings has released its FY23 results confirming strong performance across the year with revenue increasing 35% to £201.0m and operating profit up 36% to £16.4m. The FY23 dividend of 17.4p plus a supplemental special of 15.0p equals a total of payout of 32.4p. Despatched weight was the highest since 2014 and the foundry operations increased output 6.6%. Pricing was firm across the Group as surcharges were implemented to offset input cost inflation, particularly energy. Importantly the Machining ....

14 Jun 2023
Castings plc (CGS LN) - Strong FY23 feeds into positive outlook for FY24

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Castings plc (CGS LN) - Strong FY23 feeds into positive outlook for FY24
Castings Public Limited Company (CGS:LON) | 250 22.5 3.6% | Mkt Cap: 108.4m
- Published:
14 Jun 2023 -
Author:
Andy Hanson -
Pages:
14 -
Castings has released its FY23 results confirming strong performance across the year with revenue increasing 35% to £201.0m and operating profit up 36% to £16.4m. The FY23 dividend of 17.4p plus a supplemental special of 15.0p equals a total of payout of 32.4p. Despatched weight was the highest since 2014 and the foundry operations increased output 6.6%. Pricing was firm across the Group as surcharges were implemented to offset input cost inflation, particularly energy. Importantly the Machining ....