News blog
LPA Group
- BY: Andrew Hore |
- POSTED: 06/05/2011 |
LED lighting products continue to fuel growth at LPA Group and help it to return to profit.
LPA has already said that trading in the first four months of its financial year was ahead of the same period of the previous year. March was very satisfactory.
However, the deliveries for one project are being delayed and this will reduce the full year revenues by £500,000. There should still be further growth in the second half.
LPA has won a contract to supply a version of its LED-based LumiMatrix light engine for use in hazardous areas to a company developing a gas field in Western Australia. Further orders could be gained over the next three years.
At 31.5p a share, LPA is valued at £3.61m.
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