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LPA Group

  • BY: Andrew Hore |
  • POSTED: 10/06/2009 |

LPA Group is commencing delivery of lighting to a Sydney train project.

The original letter of intent was for 4.7m but that figure has increased to 5.7m over three years. Additional trains could add 50% to that order value.

The lighting, power and electronic systems supplier has won more than 25m worth of orders over the past 12 months. LPA has won an Italian rail order worth 350,000 and a 200,000 New Zealand rail order. However, this financial year has started quietly with routine orders adversely affected by the recession.

The shares fell 7p to 35p each, which values LPA at 4.01m. 

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