Countermeasures and energetic materials specialist Chemring has looked back on “good progress on all fronts” during the first half of its financial year.
The UK group reported a 5% increase in operating earnings to GBP18.1 million (USD23.8 million), although the completion of a 40 mm ammunition contract suppressed revenues and contributed to an 8% dip to GBP229.3 million. The order backlog also fell 21% to GBP441.5 million.
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