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LONDON (Alliance News) - Shares in LPA Group PLC rose 11% Thursday after it said that following a quiet start to the year orders had picked up in the three months ended February 28, in a statement ahead of its annual general meeting.
The LED lighting, electronic and electro-mechanical systems company said it in the three months order entry exceeded GBP6 million as it received orders, including an order in February to supply GBP1.2 million of LED based lighting for French Railways,
LPA said that following its quiet start it, "will be playing catch up for the rest of the year, becoming increasingly busy as the year progresses and in to future years."
The company also said that the refurbishment of its Shire Hill, Saffron Walden facility is progressing well, and it expects to complete its relocation from Tudor Works during the summer. Plans for an extension to its LED lighting facility in Yorkshire are well advanced, LPA said, and it expects to commence construction when the Saffron Walden project is completed.
"We approach the middle of a very busy year, much encouraged and look forward to the future with confidence," Chairman Michael Rusch said in a statement.
Shares in LPA were trading up 13.21% at 90.00 pence Thursday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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