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IN BRIEF: ProPhotonix Swings To Interim Profit Despite Lower Revenue

Thu, 10th Sep 2020 13:58

ProPhotonix Ltd - manufacturer of LED illumination systems - Revenue decreased 3.7% to USD6.9 million in the six months to the end of June from USD7.2 million a year ago. Order bookings were also lower, at USD6.8 million from USD7.5 million the year before. Despite that ProPhotonix swung to pretax income of GBP266,000 from loss of GBP206,000 a year ago.

Current stock price: 1.61 pence

Year-to-date change: up 3.9%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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ProPhotonix reports annual flat loss, warns of currency headwinds in 2015

Strong currency headwinds saw LED lighting producer ProPhotonix post a flat annual pre-tax loss. The London-listed group reported a loss for 2014 of $1.3m (£0.87m) compared with a $1.2m loss the year before, as a $1m loss in foreign currency exchange weighed on a 5.12% increase in revenue to $16.4m.

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