Chamberlin anticipates FY results in keeping with market forecasts

Specialist castings and engineering group Chamberlin anticipates its full-year results will be in keeping with current market forecasts, with a strengthened performance in the second half.

"In particular, underlying profitability will be ahead of the prior year," the company added. Its shares were up 4.29% to 109.5p at 13:54 GMT.

Chamberlin said its new machining facility in Walsall was officially opened at the end of March, and was expected to help drive additional growth opportunities as well as support existing contracts.

"As planned, the foundry in Leicester was taken out of production at the end of February 2017, and the decommissioning process is anticipated to conclude by the end of calendar year 2017," it said.

The outlook for AIM-traded Chamberlin's continuing progress remained very positive, it said.