News blog
Chamberlin
- BY: Andrew Hore |
- POSTED: 18/04/2012 |
Chamberlin says it is on course for a significant improvement in profit for the year to March 2012.
Trading is in line with expectations and operating cash flow is reducing net debt. Net debt had already fallen from £2.88m to £2.04m in the first half.
Chamberlin continues to benefit from the trend towards turbocharged car engines. The door closer manufacturer acquired last year made a positive contribution.
At 139p a share, Chamberlin is valued at £11.1m. Broker finnCap forecasts a profit of £1.6m for the year to March 2012.
The full year results will be published on 22 May.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2012_31.pdf
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