RNS Number:0493L
Metalrax Group PLC
23 May 2000


Confidence boost for Metalrax in first quarter


The following statement was made by Mr Eric Moore, chairman of
Metalrax Group PLC, the engineering specialists, at the annual
general meeting in Birmingham today.
     "Sales volumes and operating profits for the first quarter
were at higher levels than in the same period last year, and
trading patterns remain in line with expectations.
     "Our policy of selectively reducing group exposure to the
automotive sector has been conspicuously justified by recent
announcements from the British motor car industry.
     "Last year, as part of the diversification process, we
added three substantial product ranges to the housewares
division and these are now making positive contributions to our
trading performance.
     "Encouraging order projections are generating a welcome
confidence boost to our plans for further extending the
sequence of record profits".
     Metalrax Group PLC, which in mid-March reported another
pre-tax profit rise to a record #14.23 million, operates two
divisions - engineering and storage products, and housewares.


Further information:    Mr Eric Moore, chairman
                        Tel:  0121-433 3444

                        Simon Preston  
                        Tel:  020 7353 8906


END

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