Holders Technology PLC - products for printed circuit boards - Swings to pretax profit of GBP787,000 in year to November 30 from GBP264,000 loss in the same period the year prior. Revenue rises to GBP12.4 million from GBP9.8 million. Attributes the growth to improved performance from its Lighting & Control Solutions unit.
"Shareholders will recognise that the expansion of our LCS business will require significant investment to realise the expansion which we believe to be possible. We have always been financially conservative and will continue to be so and will incline to writing off rather than capitalising such expenditures, this may impact short term profitability," company says.
Declares total annual dividend of 3.00 pence, which includes 0.50p interim payout and 2.00p special dividend offered following the sale of its printed circuit board manufacture product range - rising from a 0.50p total payout year before.
Current stock price: 112.00 pence, up 28% in London on Monday
12-month change: more than doubled from 45.00p
By Paul McGowan; paulmcgowan@alliancenews.com
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