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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. 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."
Peter Pollock, Group Chief Executive commented, "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."
http://www.investegate.co.uk/Article.aspx?id=201210110700034175O
LED lighting manufacturer LPA Group (LPA) has won two contracts worth a combined 0.7 million pounds and believes that it may have exceeded market expectations for the year ended 30th September. However, the firm noted that trading conditions have been "unusually good" due to a number of short-term medium sized contracts. The group now plans to begin a period of investment to develop its technical and sales resources and admitted that this may lead to a reduction in growth in the short term. LPA shares sank by 2.5p to 82p
Thats an impressive performance since June and still it continues.
The hiatus in 2010, when a number of projects were delayed at customers' request, means that the Group will continue to enjoy a very sound order book through 2013 and in to 2014. In response to this much improved outlook, the Group is investing in strengthening its sales, commercial, project management and technical resources to promote growth post 2013/4. Sales resources will be increased in all areas of the business. Commercial, project management and technical resources will be strengthened in the Electro-Mechanical, including Transport+, and LED Lighting businesses. Peter Pollock, Group Chief Executive commented, 'the team have worked very hard over several years to get the business on to a sound footing. All our businesses are contributing to this improvement. It is gratifying to see the trading performance we aspire to, begin to be achieved.'
TRADING UPDATE LPA Group Plc ("LPA" or the "Group"), the LED lighting and electro-mechanical system manufacturer and distributor, announces a stronger than expected third quarter and a very strong start to the final quarter of its financial year to 30th September 2012, with the result that expectations for the current financial year as a whole are likely to be significantly exceeded. The Group expects these improved trading conditions to continue in to next financial year. Shareholders were reminded in the Interim Statement that the Group enjoys high operational gearing. The order book for delivery in the current year was already very sound but the additional orders for Airport equipment and Rail Passenger vehicle upgrade, received and announced in June with the Interim Statement, have already been brought in to production and partially delivered, which has resulted in the excellent current trading conditions. The Group continues to exercise good control over working capital and to operate well within its agreed banking facilities.
http://www.investegate.co.uk/Article.aspx?id=201208210700084134K
http://www.investegate.co.uk/Article.aspx?id=201201190700158080V
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LPA spot-lighted two new contracts for lighting hazardous gas areas in the Gorgon Gas field in Australia. They have also received a letter of intent from Siemens to supply LED LumiMatrix lighting for the Warsaw Metro. The value of both these projects is initially worth around £1.2m. The Company went on to give a trading update that the Group’s full year results are likely to significantly exceed market expectations
LPA Excil Electronics, a subsidiary of LPA Group (LPA), has secured an initial order worth 0.4 million pounds to supply a version of its LED-based "LumiMatrix" TM light engine for use in hazardous areas during the development of the Gorgon gas field off Western Australia. Separately, in a trading update, the group said it expects to return to profit in the first-half of 2011 after "output in March 2011 was very satisfactory". LPA shares gained 1p to 31.5p.
Not a bad contract... http://moneyam.uk-wire.com/cgi-bin/articles/200902091438360200N.html