RNS Number:9962D
Metalrax Group PLC
22 May 2001


Acquisitions expand Metalrax Group product ranges

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 (May 22):-

"The annual report for last year indicated that the outlook
remained challenging with competitive pressures holding down
selling prices and profit margins.

"In the early months of this year we have experienced the
effects of weakening demand both at home and overseas, but
there are now signs of confidence returning to some of our
markets.

"Positive cash flow and growth in shareholders' funds have
encouraged us to maintain our focus on the acquisition of
businesses which will enhance market share and expand product
ranges.

"We shall continue to use our best endeavours to maximise total
shareholder returns".


Further enquiries: Mr Eric Moore, chairman Tel: 0121-433 3444
Metalrax Group (LSE:MRX)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Metalrax Group Charts.
Metalrax Group (LSE:MRX)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Metalrax Group Charts.