LPA Group, the LED lighting and electro-mechanical system manufacturer and distributor, remains very confident of further progress in the current year.
A trading update for the year ended 30 Sep, said that further to the chairman's statement issued with the interim results on 26 Jun which confirmed that the group had established itself on a new trading level, output during the second half was at record levels and, given the volume of deliverable orders on hand, this was likely to be sustained during the new financial year.
It said: 'Margins, which had been depressed by an unfavourable product mix in the first half, responded well to higher volumes and manufacturing efficiencies have improved significantly.
'Expectations for the year just closed anticipated significant progress and the board believes it has delivered on this.' The group said the new lighting facility in Yorkshire and the electro-mechanical facility in Saffron Walden, both achieved record levels of output, challenging the increased capacity recently created and further investment in plant and equipment is planned.
At 9:25am: (LON:LPA) LPA Group PLC share price was +22.5p at 152.5p