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

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.