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Armour Group

  • BY: Andrew Hore |
  • POSTED: 31/01/2012 |

Consumer electronic products supplier Armour Group says that its home entertainment division will return to profit in the second half and the new 3D TV without glasses product provides strong potential for the future.

The automotive division is also outperforming management expectations.

Cost reductions and new product launches have helped Armour to weather the downturn in the high street.

House broker finnCap forecasts a loss of 200,000 in the year to August 2012, but a strong recovery to a profit of 300,000 in 2012-13.

At 7.38p a share, Armour is valued at 7.16m.

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