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Mincon Group PLC - County Clare, Ireland-based rock drilling tool manufacturer - Says the positive momentum seen in the second half of 2021 has continued into the first quarter of 2022. Momentum driven by strong underlying demand for its products across the Construction, Mining and Waterwell/Geothermal sectors, company explains. Expects ‘significant’ growth in its three industries against the first quarter moving forward.
Manufacturing remains under pressure for the company, but adds it has increased capacity through investment in factories and through acquisitions. Seeing raw material supply challenges easing. Sea freight conditions remain challenging.
Current stock price: 108.99 pence, up 6.9% in London
12-month change: down 7.6%
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