Senior forecasts a healthy 2005 despite losses last year
Andrew LeeEngineering group Senior swung into the red last year but said its underlying position remained healthy. The firm said the high cost of raw materials and weak US dollar contributed to a [pounds sterling]5.2m pre-tax loss in 2004. However, Senior said new automotive contracts in the diesel sector and the ongoing recovery in the civil aerospace market held out the prospect of a better 2005.
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