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Holders Technology warns it will post operating loss for the year

Fri, 23rd Oct 2015 10:19

(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 major customer's premises, as well as reduced customer demand for a number of product lines and a stronger sterling.In addition, Holders Technology said it faces an unforeseen taxation liability in respect of EU Cross Border Group Relief (CBGR) claims relating to its former Swedish and Dutch divisions. The company said that following an EU Court of Justice ruling earlier this year, certain CBGR claims relating to between 2003 and 2009 may no longer be allowable by HMRC.It said that since the CJEU ruling, it has withdrawn certain CBGR claims totalling £65,000. Further claims and interest totalling £135,000 are currently under discussion with HMRC, so the total liability is between £65,000 and £200,000.Holders Technology is a distributor of specialist materials, tools and equipment to the printed circuit boards industry.At 1020 BST, Holders shares were down 32.8% to 25.20p.
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10 Oct 2014 12:39

Holders Technology Warns For Next Year On Contract Termination

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25 Jul 2014 11:33

Holders Technology Swings To First-Half Pretax Loss

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20 Feb 2014 11:37

Holders Technology Swings Into Pretax Profit

LONDON (Alliance News) - Holders Technology PLC swung into a pretax profit in the financial year 2013 as revenue rose, and it sold its loss-making Chinese business. The company posted a pretax profit of GBP97,000, up from a pretax loss of GBP68,000. The specialist materials company sa

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19 Jul 2012 12:53

Holders warns on profits

Uncertainty in the European printed circuit board (PCB) market helped push Holders Technology into the red at the interim stage, prompting the group to issue a profits warning. The international distributor of materials, equipment, parts and services to the electronics industry made a pre-tax loss

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10 Feb 2011 17:51

Holders Technology returns to profit

AIM-quoted Holders Technology swung back into profit in the year to November 2010. Holders supplies materials and equipment to the printed circuit board industry. It is trying to move into the fast-growing LED market. Revenues grew 26% to £16.3m, while a loss of £408,000 was turned into a profit o

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22 Jul 2010 07:48

Holders Technology 1H Pretax Profit GBP0.1M Vs Loss GBP0.6M

LONDON (Dow Jones)--Holders Technology PLC (HDT.LN), a provider of specialized materials, equipment and services for the electronics and telecommunications industries, Thursday reported a first half pretax profit of GBP0.1 million, compared with a loss of GBP0.6 million the previous year. MAIN F

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10 Dec 2009 08:52

Small caps round-up: Vyke, Holders, RM ...

Shares in telecoms and internet services company Vyke Communications jumped after it agreed a deal with Indian Wi-Fi group O-Zone for O-Zone to sell Vyke's complete product range across the South Asian country. Printed circuit board materials provider Holders Technology said its trading performance

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21 Jul 2009 09:19

Small caps round-up: smartFocus, Globo, Record...

Shares in smartFocus soared after the marketing software company said it expected to post 13% rise in revenues in the half year to June 30, with profits also significantly ahead. The firm has benefitted from the rise in digital marketing's popularity, with customers wins during the period including

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