GKN results ahead of expectations
Aerospace and automotive technology and engineering specialist GKN has reported that its trading performance has continued to improve strongly.
In a trading update today (21 July) the company said that during the second quarter of 2010, demand in automotive markets was well ahead of expectations. Accordingly, the company announced that it would report pre-tax profits of no less than £170 million for the six months ended 30 June. GKN management will give guidance on the outlook for the second half of 2010 at the company's results meeting on 3 August.
