Castings supplier Chamberlin says that trading in the first three months of this financial year is in line with expectations.
Chamberlin is still generating cash and it is looking for acquisitions to add to its organic growth. Operational gearing is running at around one-third of additional revenues.
Full year profit is on course to rise from £1.7m to £2.2m.
At 164.5p a share, Chamberlin is valued at £13.1m. The share price has risen by around one-sixth since the full year figures were published.
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