logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no... GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
comments powered by Disqus
Follow RTT