Sales success for engineering firm Castings
WALSALL engineering group Castings has seen an increase in sales in the six months to September 30.
In an interim management report issued to the London Stock Exchange this morning it revealed a sales total of £65m compared to £63.6m in 2014.
However, the firm points out that sales revenue has been affected by the general reduction in raw material prices during the period making it difficult to directly compare to the previous year.
It was reported at the firm’s annual general meeting in August that sales volumes were maintaining at reasonable levels. It now suggests that for the next three months orders and schedules will remain at a similar level.
“It is anticipated that the profits for the full year will meet market expectations, unless there is a sudden and unexpected change in the economic climate that would affect the outcome,” it said.
An interim dividend of 3.38 pence per share has been declared and will be paid on 4 January 2016 to shareholders who are on the register at 27 November 2015.
