Tip: Deal diversifies Castings

Fully listed Castings (LON: CGS) has warned that volumes will decline this year. Demand for heavy trucks has passed its peak, but it should continue at a reasonable level that will keep profit at decent levels. There is scope to recover, plus an acquisition that should add to profitability.

Castings operates two iron foundries in the West Midlands and Derbyshire, plus a machining operation at the west Midlands site.

In the year to March 2024, underlying pre-tax profit improved from £16.7m...

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