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Cookson revenue reaches £498m

By Daily Mail Reporter
Updated: 03:48 EDT, 11 November 2009

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Cookson, the industrial metals group, said yesterday it had enjoyed a strong three months as revenue rose by 9% on the previous quarter, reaching £498m.

The company said it expected to meet its full-year profits to hit the upper end of analysts' estimates and that it does not expect to breach its financial covenants.

Cookson benefited from an upturn in the foundry markets towards the end of the quarter, and also profited from the US's decision to mint more gold coins.

Shares soared 36.5p to 430.1p.

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