Business
Trading update
Trading update.
About this update from Pipehawk Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2230I\n PipeHawk PLC\n 11 August 2021\n \n \n \n \n This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 \n \n (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018)\n \n \n (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n 11 August 2021\n \n \n \n PipeHawk plc\n \n \n (\"PipeHawk\", \"Company\" or the \"Group\")\n \n \n \n \n \n Trading update\n \n \n \n \n \n \n \n \n PipeHawk is pleased to advise that the unaudited turnover for the second six months to 30 June 2021 was approximately £4.1 million\n compared to the unaudited turnover for the first six months to 31 December 2020 of £2.6 million. This considerable improvement back to levels encountered before the current pandemic, was as a result of improved trading at QM Systems and Thomson Engineering Design.\n \n \n \n \n \n Order intake at the Group's three principal subsidiaries, QM Systems, Thomson Engineering Design and Adien is very healthy and the sales pipeline is strong to the extent that we are currently in negotiations with potential landlords for two of our businesses, QM Systems and Thomson Engineering Design, to relocate them to premises with manufacturing capability in excess of three times the current facilities.\n \n \n \n \n \n The Company expects to report its annual results for the year ended 30 June 2021 in early November 2021.\n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n PipeHawk Plc\n \n Gordon Watt (Chairman)\n \n \n \n \n Tel. No. 01252 338 959\n \n \n \n \n \n \n \n Allenby Capital (Nomad and Broker)\n \n \n \nDavid Worlidge/Vivek Bhardwaj\n \n \n \n \n Tel. No. 020 3328 5656\n \n \n \n \n \n \n \n \n Notes to Editors\n \n \n \n \n \n For further information on the Company and its subsidiaries, please visit: \n \n www.pipehawk.com\n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informa...