Make your money go further for just 25p per day

Castings – exceptional levels of demand…causes problems!

15/11/2013 · Castings PLC (CGS) 

The manufacturer of spheroidal graphite iron castings to a variety of manufacturing industries has come out with an unusual IMS. This is a terrific little business (15%+ operating margins) so we are prepared to forgive a few short term slip-ups!

Sales for the six months ended 30 September 2013 were £65.9m (2012 - £60.4m) with profit before tax of £9.57m (2012 - £9.11m). During the period the company experienced exceptional levels of demand mainly from our commercial vehicle customers, with short term delivery requirements.  Regrettably this caused certain inefficiencies in their operations and also logistics problems resulting in excessive cost.  They also had to recruit new employees at short notice adding to short term costs

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Castings PLC

Tough spot | Fantastic results | Fund raise

14/11/2023 · Company Insights

News covered here includes fantastic results from an elderly small cap, without an adjustment in sight,…


Impeccable results and another special dividend

16/06/2023 · Company Insights

News covered here includes immaculate results from an elderly small cap manufacturer, whose results were mercifully…


More Company Insights

Resilience in animal healthcare

Utter gobbledygook | Tough to value

When boring is best

Sign-up to our free email updates

SIGN UP