Although the industry in which Castings operates is relatively mature and cyclical, the Group has in recent years taken market share and captured additional value through the development of its machining business. Until recently, machining had been experiencing strong growth which in due course we expect to resume. The news of the contract disruption is tempered by the announcement of the payment of the 30p special dividend and the prospect of future payouts. The shares currently trade on a f
17 Jun 2016
FY16 results: Solid recovery held back by ending of a contract
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FY16 results: Solid recovery held back by ending of a contract
Castings Public Limited Company (CGS:LON) | 331 0 0.0% | Mkt Cap: 143.8m
- Published:
17 Jun 2016 -
Author:
Ian Berry -
Pages:
10
Although the industry in which Castings operates is relatively mature and cyclical, the Group has in recent years taken market share and captured additional value through the development of its machining business. Until recently, machining had been experiencing strong growth which in due course we expect to resume. The news of the contract disruption is tempered by the announcement of the payment of the 30p special dividend and the prospect of future payouts. The shares currently trade on a f