Highlights & Summary

“Having returned to profitability in the first half of the last financial year, I am pleased to report that Chamberlin has continued to make good progress in the first six months of the current financial year. Underlying profit before tax has increased almost fivefold to £797,000 on revenues up by 25% to £23.0m and all three of our foundries are operating at or above pre-recession levels.”

Tom Brown
Chairman

Key Points

• Revenues up 25% to £23.0m (2010: £18.3m)
• Underlying operating profit up 379% to £841,000 (2010: £222,000)
  Statutory operating profit up 419% to £796,000 (2010: £190,000)
• Underlying profit before tax up 489% to £797,000 (2010: £163,000)
  Statutory profit before tax up 780% to £710,000 (2010: £91,000)
• Positive operating cash flow more than doubled to £947,000 (2010: £383,000)
• Underlying earnings per share up by more than six times to 8.3p (2010: 1.28p)
  Basic earnings per share increased to 7.5p (2010: 0.58p)
• Interim dividend of 1.0p per share
• Foundry activities continued to improve
  – all three foundries operating above pre-recession levels
• Full year results anticipated to be in line with current market expectations