Strong orders and sales mean that LPA Group expects to make progress in the first half of the financial year.
The LED lighting and electro-mechanical engineering company is also confident that it will best last year’s profit. XCAP Securities previously forecast a pre-tax profit of £500,000 on revenues of £18m in 2011-12.
The orders stretch into the next financial year.
LPA is near to buying new premises in Saffron Walden, which will enable it to sell its Tudor Works head office in Saffron Walden. This could be worth much more than its £500,000 book value.
At 51.5p a share, up 3.5p, LPA is valued at £5.98m. The share price has risen by 63% in the past year.
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