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Holders Technology swings to a profit despite struggling LED wing

Fri, 27th Jul 2018 09:18

(Sharecast News) - LED solutions provider Holders Technology told investors it had swung to a profit when turning in its interim results on Friday.Holders saw revenue increase 6.8% to £6.2m, helping boost the AIM-listed firm's pre-tax profit to £65,000 from the loss of £53,000 seen in 2017.The group said that 2.3% of its revenue improvement was as a result of the Euro strengthening against the Pound.While printed circuit board margins dropped from 23.9% to 23.2%, overheads as a percentage of sales decreased from 17.2% to 16.4%, leading to a 1.2% improvement in the division's pre-tax profit of £159,000.Over at its LED wing, revenues grew by 17.9% to £1.42m and gross margins moved from 31.4% to 33.7%.Despite this, Holders' LED division still turned in a loss of £38,000, although this was significantly narrowed from the £194,000 loss reported a year earlier.Holders' chairman, Rudolf Weinrich, said: "The board is encouraged that a profitable result overall has been achieved for the first half.""The PCB divisions operate in a mature sector, but we see potential growth opportunities from a number of new products and efficiency gains from additional investments. The LED divisions have made good progress and achieved a strong order book," he added.As of 0920 BST, Holders shares had shot up 9.09% to 48p.
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5 Apr 2019 14:20

DIRECTOR DEALINGS: Holders Technology Director Sells 50,000 Shares

LONDON (Alliance News) - Holders Technology PLC on Friday said Executive Director Thomas Bray sold 50,000 shares in the company.The company supplies materials for for printed circuit and in

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22 Feb 2019 11:46

Holders Technology Annual Profit Rises, Confident for Future

LONDON (Alliance News) - Holders Technology PLC on Friday said that its annual profit rose due to improved revenue generation.For the year ended November 30, the company which supplies for

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22 Feb 2019 10:07

Holders Technology's profits light up after LED revenue increase

(Sharecast News) - Holders Technology on Friday reported that its full-year profits more than tripled after an increase in revenue from its LED solutions division.

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27 Jul 2018 09:39

Holders Technology Swings To Interim Profit After Revenue Growth

LONDON (Alliance News) - Holders Technology PLC said Friday it swung to an interim profit after increasing revenue, though it has held its dividend flat.For the six months to May 31, the of

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17 Feb 2017 12:32

Holders Technology manages through 'difficult year'

(ShareCast News) - Printed circuit board laminate and LED solutions supplier Holders Technology announced its audited results for the year ended 30 November on Friday, saying both its PCB and LED segments achieved modest revenue growth in the year, with margins maintained. The AIM-traded firm said P

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12 Feb 2016 14:37

Holders buffeted by tough components markets

(ShareCast News) - Holders Technology was buffeted by volatile markets for its electrical components in 2015, with group revenue down significantly in the 12 months to 30 November, it said on Friday. The AIM-traded company supplies specialty laminates and materials for printed circuit board (PCB) pr

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12 Feb 2016 08:44

Holder Technology Shares Fall As Poor Sales Send It To Annual Loss

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8 Feb 2016 16:03

Earnings, Trading Statements Calendar - Week Ahead

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23 Oct 2015 11:23

LONDON MARKET MIDDAY: Chinese Interest Rate Cut Adds To Gains

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23 Oct 2015 10:19

Holders Technology warns it will post operating loss for the year

(ShareCast News) - Holders Technology said on Friday it expects to post an operating loss for the year to 30 November on the back of a fall in revenue. The company expects to report an operating loss of £200,000 on revenue of around £11m, as trading in its German division was hit by a fire at a majo

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23 Oct 2015 09:25

WINNERS & LOSERS SUMMARY: Data Breach Slams TalkTalk Shares

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23 Oct 2015 06:50

Holders Technology Warns It Expects Operating Loss In Current Year

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24 Jul 2015 08:48

Holders Technology Slashes Interim Dividend Despite Narrowed Loss

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6 Feb 2015 12:00

UK MIDDAY BRIEFING: Standard Life Sees Boom In Pensions Advice

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