News blog

LPA Group

  • BY: Andrew Hore |
  • POSTED: 27/06/2012 |

LPA Group has increased its interim dividend by one-quarter to 0.5p a share on the back of doubled profit.

The share price rose 5.5p to 48p a share, valuing LPA at £5.57m.

In the six months to March 2012, the LED lighting and electro-mechanical engineering company edged up its revenues by 6% to £8.9m. Pre-tax profit jumped from £151,000 to £312,000.

Net debt was £1.45m at the end of March 2012. Borrowings are always higher at the end of the first half. There is outline planning permission for at least 20 homes on the company’s 1.4 acre Saffron Walden site. LPA intends to invest in an extension to its LED factory.

Trading remains strong and £3m of orders have been won in recent weeks. These orders relate to the next few years. This excludes a components order from a civil aircraft manufacturer that commences in 2014. There is scope for orders from the refurbishment of trains plus newly manufactured trains.

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