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Chapelthorpe sees FY profits ‘significantly’ ahead

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Date: Wednesday 07 May 2008

LONDON (ShareCast) - Chapelthorpe said it expects full-year operating profits before exceptional items to be ‘significantly’ ahead of market forecasts.

The industrial products firm said its performance in the year ended 31 March has been robust with the benefits of cost reductions and management changes made earlier in the year offsetting the effects of a weakening US economy and high oil prices on the Fibres operations.

Full-year results are due to be announced on 11 June.

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