The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak. Please register here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLpa Share News (LPA)

Share Price Information for Lpa (LPA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 70.00
Bid: 68.00
Ask: 72.00
Change: 0.00 (0.00%)
Spread: 4.00 (5.88%)
Open: 70.00
High: 70.00
Low: 70.00
Yest. Close: 70.00
LPA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

LPA Group posts record results for 2016

Mon, 23rd Jan 2017 12:53

(ShareCast News) - LED lighting and electro-mechanical system manufacturer and distributor LPA Group announced record results for the year to 30 September on Monday, with continuing strong performance in the start to the current financial year.

The AIM-traded company reported sales up 31.7% during the year, at £21.42m, with operating profit before exceptional items improving 427% to £1.533m.

There was also an exceptional gain £14,000, compared to the £545,000 in 2015.

Profit before tax reached £1.516m, almost double the £793,000 reported in 2015, which included the large exceptional gain that year.

Basic earnings per share were 12.30p, lifting from 5.86p.

At year-end, LPA reported a gearing of 29.2%, compared to 34.0% in the prior year, and an order entry of £20.69m, down from £26.77m.

The company's order book stood at £17.96m, slightly less than the £18.69m at the end of 2015.

LPA's board said it achieved a "step-change" in performance during the year, and was moving onto a "new level" as it continued to benefit from a buoyant UK rail sector and export markets.

Its ethernet backbone technology and USB charging sockets were also continuing to generate "great interest" for both new build and retrofit applications.

The firm's new LED lighting facility was nearing completion for occupation in the first quarter of 2017.

Finally, the board increased its final dividend by 50% to 1.50p, taking the total for the year to 2.50p - improving from 1.70p in the 2015 financial year.

"The financial year ended 30 September marked a step change in the performance of the Group, which is becoming established at this new substantially increased level of activity," said chief executive Peter Pollock.

"Having 'galloped' up to a new level, we are now 'moving on'."

Pollock claimed profits would have been even higher, but for an oil and gas sector customer being placed into administration after the year end, and a consequent provision of £124,000 being made against the results for the year.

"The customer's business was subsequently sold to a third party and trading is expected to resume in due course.

"After very strong order entry in the first half, the uncertainty of Brexit made customers relatively cautious in placing orders during the period from April to August, since when the high levels of order entry have resumed."

Pollock added that sales and orders in the first quarter were ahead of the prior year, which he believed confirmed the continuing growth potential of the business.

"We look forward to continuing progress this year and for the future."

More News

LPA Group warns near-term prospects hurt by rescheduled work

(Sharecast News) - Electronic connector manufacturing firm LPA Group said on Wednesday that its medium and longer-term prospects had been enhanced, but stated it had come at the expense of the near-term.

17 Mar 21 10:14

LPA Group trades profitably in second half

(Sharecast News) - LED lighting and electromechanical systems company LPA Group updated the market on its trading on Thursday, reporting that it had traded profitably during the second half.

12 Nov 20 15:06

LPA Group wins 'significant' project for new Tube trains

(Sharecast News) - LED lighting and electromechanical systems manufacturer LPA Group announced a "significant" project award, subject to contract, for the UK rail market on Thursday.

15 Oct 20 12:45

LPA Group secures three new rail contracts

(Sharecast News) - LED lighting and electro-mechanical system manufacturer LPA Group has been awarded new contract wins for both the UK and export rail markets.

7 Jul 20 09:15

LPA Group scales back output in response to Covid-19

(Sharecast News) - LED lightning systems manufacturer LPA Group warned on Wednesday that output would be scaled back as a result of the Covid-19 outbreak.

1 Apr 20 10:02

LPA Group trading in line, but warns of looming coronavirus impact

(Sharecast News) - LPA Group said its current trading was in line with expectations on Wednesday, and it had not as yet experienced "any undue impact" from the Covid-19 coronavirus pandemic.

18 Mar 20 15:38

LPA Group expecting more active second half after quiet start to year

(Sharecast News) - LED lighting and electrical connecter manufacturer LPA Group confirmed that its year had started quietly on Thursday, following delays to some of the major rail projects it was involved in, including London's Crossrail.

21 Mar 19 11:42

LPA Hikes Full Year Dividend Amid Record Revenue, Profit Performance

LONDON (Alliance News) - Industrial LED lighting maker LPA Group PLC hiked its full year dividend Thursday after its profit and revenue rose to new records, meanwhile order intake in the new year

24 Jan 19 10:00

LPA Group Reshuffles Board With Immediate Effect, CEO Becomes Chairman

LONDON (Alliance News) - LPA Group PLC said Monday it made several changes to its board with immediate effect.Among the changes, former chief executive officer Peter Pollock was appointed a

1 Oct 18 12:23

WINNERS & LOSERS SUMMARY: Shire Rises As FDA Clears Cinryze Expansion

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 2.3%, The Irish drugmaker said that it has

21 Jun 18 10:29

LPA Group Interim Profit Rises But Warns As Order Book Shrinks

LONDON (Alliance News) - LPA Group PLC on Thursday said profit rose moderately in the first half of its current financial year, but its order book has declined since the start of the second in LPA

21 Jun 18 08:15

LPA Moves Christopher Buckenham To Finance Chief Post

LONDON (Alliance News) - LED lighting and electro-mechanical system company LPA Group PLC announced on Wednesday the appointment of Christopher Buckenham as chief financial as

21 Mar 18 11:38

LPA issues 35k shares

(ShareCast News) - LPA announced on Thursday that, as part of an exercise of options, it has issued 35,000 new ordinary shares of 10p each. The AIM-traded company said application had been made to the London Stock Exchange for the 35,000 ordinary shares to be admitted to trading on AIM, and admissio

9 Feb 17 16:47

LPA Group posts record results for 2016

(ShareCast News) - LED lighting and electro-mechanical system manufacturer and distributor LPA Group announced record results for the year to 30 September on Monday, with continuing strong performance in the start to the current financial year. The AIM-traded company reported sales up 31.7% during t

23 Jan 17 12:53

LPA Group projected to exceed market expectations

(ShareCast News) - LED manufacturer LPA Group's shares soared over 13% on Tuesday afternoon after the company said it was likely to exceed market expectations for the year, while the Brexit vote from the EU referendum had not affected its outlook. In a trading update for the year ending 30 September

27 Sep 16 12:10

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.