ERJ staff report (DS)
London - In a trading update, Fenner PLC said trading continued to be strong in the second quarter and in the six months to 29 February. The Group expects to report its interim results on 25 April 2012.
The statement said, â€œTrading in the second quarter of the financial year has continued to be strong, with operating profit for the first half significantly ahead of the comparable period last year. Fenner has experienced positive trading conditions, supported by steadily growing demand from the mineral extraction/energy sectors, and market share gains. Operational efficiencies that were seen in the second half of last year have driven improved margins in both the Engineered Conveyor Solutions ("ECS") and Advanced Engineered Products divisions.
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Press release from Fenner