Trading Statement

RNS Number : 4781A

Associated British Engineering PLC

29 September 2015

 



29^th September, 2015

EMBARGOED UNTIL 11.00 AM ON 29^TH SEPTEMBER 2015.

ASSOCIATED BRITISH ENGINEERING PLC

The 2015 - 16 year has not started well and the subsidiary British Polar Engines has continued to experience reduced sales especially from the oil sector. The Board of British Polar Engines Limited conducted a review of the operations and the structure. Jim Duncan the operations director and a managing director has resigned and Bill Girdwood has become sole managing director. The Board is making an assessment of the market place and is likely to conclude that, despite the drop in oil prices and the slow down in the North Sea, there are still market opportunities for the company to explore further.

Colin Weinberg

Rupert Pearce Gould

Directors

Colin Weinberg, Associated British Engineering PLC                               07836 588504

Rupert Pearce Gould, Associated British Engineering PLC                      07836 701930

Peter Morton, Associated British Engineering PLC                                  01223 260022

 

END

 

 

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