LPA Group PLC - Essex-based LED lighting and electro-mechanical systems maker - Posts revenue of GBP9.1 million for the six months ended on March 31, up 5.8% from GBP8.6 million the year before. Pretax loss widens slightly to GBP593,000 from GBP589,000, as administrative costs rise to GBP1.5 million from GBP1.3 million the year before. Order book amounts to GBP34.9 million as at March 31, compared to GBP30.8 million the year before. Looking ahead, remains confident in the long-term prospects.
Chief Executive Officer Paul Curtis says: "I'm pleased to report that we have made good strategic progress, a good acquisition and a record order book with an exceptional order entry year to March 31 2023. We look ahead with confidence as we continue to deliver progress on our strategy. We expect to return to profitability in line with market expectations for FY23."
Current stock price: 85.50 pence each, down 3.9% on Thursday afternoon in London
12-month change: up 6.2%
By Xindi Wei, Alliance News reporter
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Lpa (LPA)