Home and in-car entertainment products supplier Armour Group has continued its recovery in the first few months of the current financial year.
Armour continues to be profitable and sales are 4% ahead in the first five months of the year. The UK has been a mixed market but exports are growing to existing customers and new markets. International sales were 36% of group sales last year.
House broker finnCap forecasts an improved profit from £53,000 to £500,000 in the year to August 2014.
At 4.88p a share, up 0.13p, Armour is valued at £4.78m. The shares are trading on 12 times prospective 2013-14 earnings.
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