Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Avon Rubber Sees FY Performance Weighted Towards Second-Half - Quick Facts

Avon Rubber plc (AVON.L) Thursday updated on trading for the period from October 1, 2011 ending February 1, 2012, and noted that its full-year forecast for deliveries in the Protection and Defence segment was unchanged, despite delays due to a contractual protest by one bidder. The delays may, however, see performance in the current financial year weighted towards the second-half, the company added.

Elaborating that the delay was connected solely with the five-year, $176 million contract for the M61 filter, Avon Rubber added that the separate 3-year, $6.1 million filter contract was not affected. Also, its ongoing product range expansion and enhancement program, dubbed Project Fusion, is still expected to boost organic growth from 2013.

Click here to receive FREE breaking news email alerts for Avon Rubber PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.