8 Sep 2008
ERJ staff report (DS)
London -- Fenner PLC has said it expects to report strong results for the 12 months to August 2008. The results are scheduled to be announced on 12 November 2008.
The company said in a stock market statement, "Group operations have performed strongly in the final quarter of our 2008 year. The North American conveyor belt business has experienced significant raw material cost increases which continue to be passed onto our customers. The inevitable time lag in doing so has constrained margins temporarily. Elsewhere the belting businesses have seen healthy trading with good order levels. Advanced Engineered Products has traded well, overcoming uncertainty in some of its markets. The mining sector exposure has remained buoyant, and our development opportunities are encouraging."
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Press release from Fenner PLC
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