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Castings hit by decline in European truck market

20th November 2012

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 custome......for the full story register now for free or login below...

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