Alumasc Group PLC AGM Statement (0318D)
October 22 2015 - 1:00AM
UK Regulatory
TIDMALU
RNS Number : 0318D
Alumasc Group PLC
22 October 2015
22 October 2015
THE ALUMASC GROUP PLC (ALU.L)
AGM Statement from Chairman
At the Annual General Meeting of Alumasc, being held in London
at 10.30 am today, Chairman John McCall will make the following
statement:
"Alumasc has made a satisfactory start to the new financial year
and demand from the group's core UK construction market remains
encouraging. The order book continues to rise and year to date
revenues from continuing operations are marginally ahead of the
prior year. Encouragingly, the contribution from smaller projects
continues to grow within this.
We have seen some evidence that capacity constraints within the
construction industry generally have caused delay to some projects.
While this may have an impact on timing, we continue to believe
that management's expectations for the group's full year financial
performance will be achieved.
Cash performance remains strong and the group has only a modest
level of debt as a result.
Order intake continues to provide encouragement for the future,
not least at Levolux, which recently announced that it has secured
a GBP3 million contract to supply bespoke screening for a power
station to be built in the USA during 2016/17.
Accordingly, the Board continues to believe that Alumasc is well
positioned to benefit from the current strength in construction
activity, in this financial year and beyond."
END
Enquiries:
The Alumasc Group plc
Paul Hooper (Chief Executive) 01536 383821
Andrew Magson (Finance Director) 01536 383844
Glenmill Partners Limited
Simon Bloomfield 07771 758517
This information is provided by RNS
The company news service from the London Stock Exchange
END
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