Company News in Brief

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The Independent Online
Chemring Group, which makes safety equipment and electronic decoys for the military, lifted pre-tax profits from pounds 2.65m to pounds 2.9m in the six months to 31 March on turnover up from pounds 18.5m to pounds 21.3m. Earnings per share improved to 9.49p (8.71p). Interim dividend is 3p (2.725p).

Year to 31 March

Chester Waterworks slipped to pounds 2.2m pre-tax profit against pounds 2.45m for the previous 15 months to 31 March. Earnings per share 617.7p. Final dividend is 150p, making 225p.

Kembrey, which makes electronic and electrical components for the aerospace and automobile industry, recovered from pounds 347,000 taxable loss to make pounds 11,000 pre-tax profit despite a 20 per cent decline in turnover to pounds 22m ( pounds 27.4m). Earnings per share are 0.04p (loss 1.24p). Final dividend is 0.155p (0.15p).

Mountview Estates, the property investor and trader, nudged pre-tax profits ahead to pounds 6.8m ( pounds 6.6m), helped by a 45 per cent cut in the interest charge to pounds 366,000 ( pounds 662,000). Turnover eased to pounds 13.4m ( pounds 13.7m). Earnings per share improved to 99.3p (95.8p). Final dividend is 12p, making 20p (18p).

Porter Chadburn, the consumer leisure products and packaging group, announced pounds 3.6m taxable loss (profit pounds 5.6m). The disposal of Gola, the sports goods concern, caused a pounds 7m exceptional charge. Turnover increased 19 per cent to pounds 132.3m ( pounds 110.8m). Final dividend is 0.4p, making 1.25p (2.5p).

Stirling Group, the clothing manufacturer, more than doubled pre-tax profits from pounds 2.4m to pounds 5.1m on turnover of pounds 100.8m ( pounds 68.2m). Earnings per share rose to 3.92p (3.08p). Final dividend is 1.35p, making 1.85p (1.65p).

Tinsley Robor, the specialist printing and packaging company, achieved pounds 15,000 pre-tax profit (loss pounds 581,000). Turnover increased to pounds 27.5m ( pounds 23.5m). Loss per share was cut to 0.4p (2.4p). No dividend.

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