UPDATE 1-Alumasc sees 2009 underlying results in line

* Sees 6 mln stg in savings from cost cuts

* Says cash performance resilient

* Says used 52 pct of committed banking facilities (Adds details)

July 10 (Reuters) - Building and engineering products company Alumasc Group Plc (ALUG.L) said on Friday it expected its underlying trading results for the year to June 30 to be broadly in line with its expectations, and that it remained well placed to manage through the rest of the recession.

The group's cash performance remained resilient, due to the high level of cash generated by the building products division and its tight control over capital expenditure and working capital, Alumasc added.

The company said its net debt at June 30 was 10.3 million pounds, compared with 9.4 million pounds a year ago, representing 52 percent utilisation of its committed banking facilities.

Alumasc also said it expects its cost reduction measures taken to date to deliver savings of around 6 million pounds on an annual basis.

Shares of the company closed at 89.5 pence on Thursday on the London Stock Exchange. (Reporting by Ramkumar in Bangalore; Editing by Anne Pallivathuckal)