Business
Preliminary results
Preliminary results.
About this update from Lpa Group Plc
[{"type":"text","content":"\n RNS Number : 1536A LPA Group PLC 27 January 2011 \n \n\nLPA GROUP PLC\n \nPreliminary results for the year ended 30 September 2010\n \nLPA Group plc (\"LPA\" or the \"Group\"), the LED lighting and electro-mechanical engineering group, announces its results for the year ended 30 September 2010, which for reasons previously reported proved to be extremely challenging. The current financial year has started positively with a substantially improved performance compared with the same period last year and some important new contracts. \n \nKEY POINTS\n \n· Revenue up 7.3% to £14.7m (2009: £13.7m) \n \n· Loss before taxation of £458,000 (2009: profit of £187,000)\n \n· Loss per share of 3.35p (2009: earnings per share of 1.24p)\n \n· Maintained final dividend of 0.40p, total for the year 0.40p (2009: 0.90p)\n \n· Sales of LED lighting products increased 38% to £1.63m (2009: £1.18m) \n \n· Strong year-end order book at £15.4m (2009: £16.8m)\n \n· Much improved start to current financial year\n \n \nPeter Pollock, Chief Executive, comments: \n \n\"Approximately £2.3m of production orders, which were delayed and had such a negative impact on the whole of last year, will largely be delivered during the current year giving a healthy base level of activity. The recently announced major LED lighting order for SNCF (French Railways) is an important break-through and one of a number of large opportunities we are seeking to secure this year. Overall, performance has improved substantially, but there is further to go. We look forward to the current year and beyond with much more confidence.\"\n \n 27 January 2011\n \nENQUIRIES:\n \nLPA Group plc \nPeter Pollock, Chief Ex...