10th Sep 2014 08:12
LONDON (Alliance News) - AB Dynamics PLC Wednesday said its full-year results ended August 31 are expected to be in line with market expectations, as it continues to maintain a "strong" balance sheet with no debt and cash available to invest.
The designer and supplier of advanced testing systems to the automotive industry said it continued to maintain a strong pipeline of work ,with the order book taking it beyond the first half of 2015.
"Demand remains strong and gives the board confidence for the future," the company said.
As previously announced, the company has added an additional 3,500 square feet of new manufacturing space to meet demand. It said it remains well positioned with its plans to develop a new manufacturing facility in order to satisfy the group's growing order book.
Following the group's maiden interim dividend, the company expects to recommend a further dividend payment in respect of the full financial year.
AB Dynamics said it will publish its full-year results on or around November 13.
The stock was untraded Wednesday morning at 167.70 pence per share.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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