23 Jun 2016 15:08
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Don't have an account? Click here to register.Sprue Aegis reaches agreement over faulty batteries
Thu, 30th Jun 2016 11:52
(ShareCast News) - Home safety products supplier Sprue Aegis announced on Thursday that it has reached agreement with its third-party Chinese battery manufacturer on a warranty claim.The AIM-traded firm said the claim was over a supply of batteries that potentially cause a premature end-of-life low battery warning chirp in some of Sprue's smoke alarms.Its board had announced the fault on 18 April, and once again stressed it is "not a safety-critical issue"."The financial benefit from the warranty claim will be provided by the manufacturer in the form of free of charge replacement batteries and is expected to be worth around £0.1m in 2016," Sprue's board said in a statement."The remainder of the warranty claim is expected to be recovered over the next two years depending on the Group's battery purchase volumes from the manufacturer."
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Sprue Aegis tumbles at it warns over 2016 and 2017 profit
(ShareCast News) - Shares in Sprue Aegis tumbled on Monday after the home safety products supplier downgraded its 2015 profit expectations. The company said it has recently identified an issue in certain batteries supplied by a third party supplier that may cause a premature low battery warning chir
Read more18 Apr 2016 06:59
10 Mar 2016 10:42
Sprue Aegis guides down on profits after new supplier deal
(ShareCast News) - Sprue Aegis has warned profits for the current year will be slightly lower than expected after it revised the terms of the chief supplier of all of its own-branded smoke alarms and accessories. The AIM-listed company said it now expects operating profit for the year ending 31 Dece
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14 Sep 2015 12:42
Sprue Aegis interim profit more than quadruples
(ShareCast News) - Sprue Aegis posted a big jump in first-half pre-tax profit as revenue more than doubled. Profit for the six months ended 30 June more than quadrupled to £8.82m from £2.15m in the first half of last year on revenue of £56.5m, up from £23.8m. Basic earnings per share were up 247% t
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