Cookson Group says Jan 1 to May 14 trading in line with own expectations

LONDON, May 15, 2008 (Thomson Financial via COMTEX) -- CKSNF | news | PowerRating | PR Charts -- Materials science company Cookson Group Plc. said its businesses have continued to trade in line with its expectations for the period from Jan 1 to May 14 and added it expects a strong performance in 2008, driven by the enlarged Ceramics division.

The group noted the enlarged Ceramics division's end-markets remain robust and the division continues to deliver a significantly improved performance compared to 2007, with the newly acquired Foseco business performing ahead of the group's original expectations.

It added the Electronics division is maintaining its performance at 2007 levels in slightly softer end-markets, while the Precious Metals division remains profitable despite the difficult retail environment in the United States.

The company also said it is benefiting from the positive currency translation impact of sterling's recent weakness on reported revenue and profits.

Results for the six months ending June 30 are expected to be announced on Aug. 5.

TFN.newsdesk@thomson.com npr/ms1

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