Loss for castings group
Walsall-based castings and engineering group Chamberlin made a pre-tax loss of £10.4 million in the 14 months to the end of May.
By John Corser
Published
Revenue for the group was £26.4 million which compared to £26.1 million in the year to March 31, 2020 and was 14 per cent lower on a pro rata basis reflecting Covid-19-related headwinds in the first half and the impact of the cancellation of contracts at Chamberlin & Hill Castings by BorgWarner in the second half of the year.
The group said there had been a slow recovery in activity levels across the automotive sector
Foundry revenues fell by 13 per cent on a pro rata basis
Engineering revenues of £3.1m decreased by 12 per cent on a pro rata basis.
