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Chemring Group says H1 trading in line with company's expectations


Published :
Wed, 25 Apr 2007 07:47
By : Agencies
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LONDON (Thomson Financial) - Chemring Group PLC said first-half trading was in line with its expectations, adding that full-year prospects are good as its order book continues to grow.

The military manufacturer said the first month performance of Italian munitions firm Simmel Difesa SpA, which it acquired on March 30, has been encouraging.

Chemring added Simmel's acquisition for 49 mln stg is expected to be accretive to its earnings in the first full financial year post-completion.

First-half results are expected to be announced on June 26, Chemring said.

TFN.newsdesk@thomson.com

ukn/ic

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