13 Jun 2000

Profit before taxation trebled to £3,223,000 from £1,095,000

Total operating profit doubled to £4,011,000 from £2,089,000

EPS increased 168% to 10.02p from 3.74p

Interim dividend of 2.30p up by 15% from 2.00p

Ken Scobie, Chemring Chairman, commented on the results:

“Order prospects are encouraging for all business activities and this will provide sales growth across the Group. The ongoing policy of investment in new products, combined with cost reductions, is reflected clearly in the first half performance and is expected to continue.

Our strong strategic position within our respective markets and high order book gives me confidence that the Group's exciting growth is set to continue.”


For further information:

David Evans Chief Executive 020 7930 0777
Paul Rayner Finance Director 020 7930 0777
Peter Gaze Cardew & Co 020 7930 0777