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Chamberlin plc Sees FY 2013 Pre-Tax Profit Guidance Below Current Market Forecasts
Chamberlin plc announced that market conditions for foundry operations have materially softened and activity in several of sectors has reduced, which has resulted in customers reducing orders or deferring them to a later date. As a result, for fiscal 2013, it expects that the Group will deliver pre-tax profits below current market forecasts. According to I/B/E/S Estimates, analysts were expecting the Company to report pre-tax profits of GBP2.00 million for fiscal 2013.
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