Chemring Group PLC (CHG.L)
19 Sep 2014
|Market Cap (Mil.):||£469.23|
|Shares Outstanding (Mil.):||193.30|
Sept 17 - Chemring Group Plc, which makes ejector seats for fighter jets and flares used to counter heat-seeking missiles, said quarterly revenue shrunk by a third, hit by defence budget cuts in key markets.
Sept 17 - British defence contractor Chemring Group Plc's quarterly revenue shrunk by a third as it continued to be hurt by defence budget cuts in its key markets.
* Shares fall as much as 12.5 pct, top loser on LSE (Adds analyst comment; updates share movement)
(In paragraph 3, corrects underlying pretax profit for the current and earlier periods to 18 mln stg and 25.2 mln stg respectively, not 27 mln stg and 35.1 mln stg)
* Shares rise as much as 5 percent (Adds CEO comment; updates share move)
April 24 - British defence contractor Chemring Group Plc said it would sell its European munitions business to France's Nexter Systems SA for up to 167.8 million euros ($232.1 million) to focus on its core defence technology business.