News blog
LPA Group
- BY: Andrew Hore |
- POSTED: 22/12/2010 |
LPA Group says that the second half of the year to September 2010 was better than the first half but the full year outcome was still disappointing.
The lighting, power and electronic systems supplier does say that the start to this year was better than last year. At 36p a share, up 4.5p, LPA is valued at £4.12m.
Interim revenue was flat at £6.93m and a profit of £79,000 was turned into a loss of £307,000 due to project delays. LPA decided to drop the dividend at the interim stage. There is no indication about whether it will reinstate it with the full year figures.
LED lighting is a strong sector for the company and it has won a £600,000 contract to supply LED products to French train operator SNCF. Deliveries start in 2011 and continue until at least 2014.
Figures for the year to September 2010 will be published on 24 January.
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