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Holders warns on profits

Thu, 19th Jul 2012 12:53

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 of £0.1m in the half year ended May 31st, versus an interim profit of £10.1m the year before on revenues of £8.0m compared to £10.1m last year. Losses per share were 1.98p against earnings of 5.58p the previous year. The interim dividend per share was reduced to 1p from 2.10p the previous year. Net assets per share declined from 155p to 147p. The group said the European PCB market was especially soft in the opening months of the year, since when there has been some recovery, enabling the firm's PCB activities to more or less break even over the half year. "We have thoroughly reviewed the prospects for the second half of the year, and while we do expect an improvement in trading which will offset the shortfall in the first half, it appears probable that the out-turn for the full year will be below market expectation."Cash at the end of the period increased from £0.067m to £0.66m. The share price plunged 12.38% to 81.50p by 12:58.NR
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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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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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