Latest News for Chemring Group Stock (OTC:CMGMY)

Chemring Group

CHEMRING GROUP PLC

Chemring Group PLC is a defense technology company. The company's operating segment includes Sensors and Information; it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. and Countermeasures and Energetics segment is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials. It generates maximum revenue from the Countermeasures and Energetics segment. Geographically, the majority of the revenue for the company is generated from UK.

Earnings

News

CMGMY

Chemring Posts H1 Loss

Guidance

Chemring Group Lowers Full-Year Profit Forecast

CHEMRING GRP PLC UNSP/ADR by Chemring Group Plc.

Chemring Group PLC

Chemring Group PLC (OTC: <a class="ticker" href="/stock/cmgmy#OTC">CMGMY</a>) reported a pretax loss in the six months to April 30.
Chemring posted a pretax loss of GBP15.1 million ($23.8 million) for its first half, versus a year-ago profit of GBP5.1 million.
Underlying loss before tax came in at 1.3 million pounds, versus a profit of 13.4 million pounds. Loss per share came in at 5.6 pence, from earnings per share of 2.4 pence.
Its revenue slipped to GBP161.7 million from GBP208.8 million.
The company's declared first-half dividend of 2.4 pence.
Michael Flowers, CEO, said, "The receipt of orders exceeding £50.0 million since the period end, coupled with further significant orders expected to be won and the resolution of certain operational issues, is expected to result in a strong second half performance."

Chemring Group Plc (OTC: <a class="ticker" href="/stock/cmgmy#OTC">CMGMY</a>) lowered its operating profit forecast for the full year. 

Chemring lowered its operating profit view by 15 million pounds.

Chemring shares fell 3.09% to close at $5.65 yesterday.

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Latest News for Chemring Group Stock (OTC:CMGMY)

Tuesday, June 23, 2015

Tuesday, August 28, 2012