LPA in double contract win as trading continues to be strong

Lighting, power and electronics system manufacturer LPA has won two lighting contracts totalling 0.7m pounds.

The company also said that trading in the final quarter of the year ended September 30th remained strong, with current expectations likely to be met or exceeded.

Trading since then had also been strong, the firm said, but warned conditions were "unusually good" as a result of several medium sized contracts requiring delivery over a short period of time.

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The current financial year is expected to be one of transition, the firm said, during which time it is committing investment to its technical, commercial and sales resources to secure the opportunities it sees for the future growth.

LPA is currently waiting on a decision for a planning application for a housing development on its Tudor Works site in Saffron Walden, and is about to submit a planning application for the Shire Hill factory it acquired in Saffron Walden for its modification and refurbishment.

Peter Pollock, Group Chief Executive said: "Investors may deduce from this statement that the group is confident about future progress in the medium and longer term. We are excited about the opportunities and challenges which lie ahead and will keep investors informed of progress."

The share price fell 2.96% to 82p by 12:56.

NR