CASTINGS PLC — Management Reports 2016

Aug 16, 2016

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RNS Number : 1897H

Castings PLC

16 August 2016

Castings plc

Interim Management Statement and AGM

Castings plc will be holding its Annual General Meeting this afternoon, at The Fairlawns Hotel and Spa, and at the meeting the Chairman, Brian Cooke, will make the following statement.

We have seen a softening in demand from our main customers since the statement in the Chairman's report in June. Our plan to fill the profit gap created by the ending of a major machining contract remains on course with improvements still expected from 2017/18.

We continue to invest in production techniques and technologies to ensure we remain as market leaders and maintain our competitiveness in a post-Brexit marketplace. The referendum result has given rise to uncertainty and it will take time to gauge the effect this may have on the company.

B.J.Cooke, Chairman

Castings plc, Lichfield Road, Brownhills, West Midlands WS8 6JZ

16th August 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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