Castings hit by decline in European truck market

HALF year revenue and profits have fallen for Brownhills-based Castings after the group’s foundries were hit by reduced orders.

Sales for the six months ended September 30, 2012 were £60.4m (2011: £64.0m) with pre-tax profit after exceptional items hitting £9.11m (2011: £10.13m).
In an interims results statement, the firm said: “The company enjoyed reasonable trading conditions up to the end of August.  In September the foundries experienced a reduction in schedules from our main customer ba... For the full story register now for free or login below...