Source - Alliance News

LPA Group PLC - Essex-based LED lighting and electro-mechanical systems maker - Posts revenue of £9.1 million for the six months ended on March 31, up 5.8% from £8.6 million the year before. Pretax loss widens slightly to £593,000 from £589,000, as administrative costs rise to £1.5 million from £1.3 million the year before. Order book amounts to £34.9 million as at March 31, compared to £30.8 million the year before. Looking ahead, remains confident in the long-term prospects.

Chief Executive Officer Paul Curtis says: ‘I’m pleased to report that we have made good strategic progress, a good acquisition and a record order book with an exceptional order entry year to March 31 2023. We look ahead with confidence as we continue to deliver progress on our strategy. We expect to return to profitability in line with market expectations for FY23.’

Current stock price: 85.50 pence each, down 3.9% on Thursday afternoon in London

12-month change: up 6.2%

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Lpa Group PLC (LPA)

0p (0.00%)
delayed 15:57PM