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LPA Group

  • BY: Andrew Hore |
  • POSTED: 24/01/2013 |

LPA Group reported full year figures ahead of expectations but delays in new rail franchises could hamper progress in the current year. 

The share price fell 12.5p to 71.5p, which values LPA at 8.43m.

In the year to September 2012, revenues improved from 17.3m to 18.4m, while pre-tax profit jumped from 400,000 to 877,000. The order book is worth 10.4m with three further projects to be added.

LED lighting sales rose by more than the overall group increase in revenues. The LED factory is being expanded. The level of activity has eased back in this financial year and the second half is likely to be stronger than the first half.

The final dividend has been increased by one-fifth to 0.6p a share, taking the total to 1.1p a share.

Net debt doubled to 2.37m by the end of September 2012 after the purchase of new premises. The potential sale of the Tudor Works premises this year will help to offset this debt. The relocation could happen this year.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2013_40.pdf

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