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

Published : Monday, December 19, 2011 5:33 AM

Share Price

Mid Price: 140.00p

Change: 0.00p (0.00%)

Bid: 138.00p

Ask: 142.00p

Last Trade: 140.00p
Last Close: 140.00p

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Chamberlin plc trade on the LSE AIM. (Symbol: CMH)