LPA reports record results and a strong start to new financial year
Source - SMW
LPA Group, the LED lighting and electro-mechanical system manufacturer and distributor, announces record results for the year ended 30 September 2017 and a strong start to the new financial year.
Sales were up 4.9% at £22.482m (2016: £21.422m) driving operating profit before exceptional items up 23.6% at £1.895m (2016: £1.533m). Exceptional and non-underlying items came in at £73,000 (2016: £14,000). Profit before tax was up 26.3% at £1.914m (2016: £1.516m). Basic earnings per share was up 17.1% at 14.40p (2016: 12.30p)
The final dividend was increased 10% to 1.65p (2016:1.50p), total for the year 2.70p (2016: 2.50p). Gearing 25.7% (2016: 29.2%). Order entry £26.1m (2016: £20.7m) was up 26% and an order book of £21.6m (2016: £18.0m) was up 20%.
Peter Pollock, chief executive, commented: 'The 2016 financial year marked a step change in the performance of the group, and these record results for the 2017 financial year are confirmation that we are now established at this substantially increased level of activity. We have indeed moved on.'
At 8:00am: (LON:LPA) LPA Group PLC share price was +8p at 179p