Hardide 1H Pretax Loss GBP67,000 Vs GBP54,000

LONDON (Dow Jones)--Hardide PLC (HDD.LN), a provider of unique surface engineering technology, said Wednesday that it made pretax loss of GBP67,000 for the half year ended March 31, compared with loss GBP54,000 MAIN FACTS: -Turnover decreased by 21% to GBP702,000 versus GBP888,000 -Gross profit increased by 13% to GBP410,000 versus GBP362,000 -Group operating loss of GBP14,000 versus operating profit GBP26,000 after accounting for credit on the exchange difference on the intercompany loan between Hardide PLC and Hardide Coatings, Inc -Cash outflow reduced by 40% to GBP328,000 versus GBP549,000 -UK manufacturing facility achieves AS 9100 aerospace standard certification and recognition as an aerospace | manufacturing supplier -Increase in oil and gas industry demand towards end of the period -Steady build up of demand from key customers in the UK and US -Recruitment underway of additional sales and technical/production personnel in UK to accelerate sales growth -Shares at 0745 GMT up 0.8 pence, or 13.64%, at 0.63 pence valuing the company at 5.21 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; Razak.baba@dowjones.com (END) Dow Jones Newswires June 30, 2010 03:47 ET (07:47 GMT)