LPA back in the black
Lighting, power and electronics system manufacturer LPA has returned to the black after sales of LED lighting leapt 47% in the year ended September 30th.
Lighting, power and electronics system manufacturer LPA has returned to the black after sales of LED lighting leapt 47% in the year ended September 30th.
Profit before tax was £0.4m, compared to a loss for the same period a year ago of £0.46m. Revenue was also up, rising 17% from £14.7m to £17.3m.
Chief Executive Peter Pollock said: "Our performance has improved substantially and there is further to go. We have many exciting prospects, particularly in LED lighting which continues to grow rapidly. Our new turnkey service Transport has the potential to be a strong engine for growth.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The current financial year promises to be exciting with further progress and the potential to realise value through the sale of and relocation from our Saffron Walden property."
The firm has increased the final dividend from 0.4p to 0.5p, bringing the total for the year 0.90p (2010: 0.40p).
The year-end order book was lower at £12.9m compared to £15.4m for the previous year.
Significantly, gearing was reduced from 47.5% to 27.1%.
The share price rose 1.33p to 30.92p by 12:00.
NR
-
Boost for over 100,000 families on Child Benefit as new HMRC payment system rolled outThousands of households will no longer have to pay the dreaded High Income Child Benefit Charge through self-assessment
-
Are you being haunted by the ghost of Christmas past? How festive cutbacks could boost your long-term wealthThe average family spends around £1,000 over the Christmas season. Here’s how much you could have gained if you had invested some of the money instead.
