17th Sep 2015 07:31
LONDON (Alliance News) - FW Thorpe PLC Thursday reported a rise in profit in its recently-ended financial year boosted by sales growth and good trading across the business, especially in road tunnel and street lighting.
The professional lighting manufacturer said that pretax profit in the year ended June 30 rose 15% to GBP14.4 million from GBP12.6 million, as sales grew 20% to GBP73.5 million from GBP61.4 million.
It said that virtually all companies within the group improved revenue and profit performance, with a particularly strong performance from TRT Lighting which produces road tunnel and street lighting.
FW Thorpe noted that the market has been buoyed by an improving economy but warned that spending cuts to be introduced by the UK government will "be felt somewhere", and that "a faltering China... uncertain US and a Europe where many countries are teetering again on the brink of recession" could harm business.
FW Thorpe will pay a total dividend of 3.65 pence, up 12.3% from the 3.25p it paid the prior year.
Shares in FW Thorpe were trading up 4.6% at 192.45 pence early Thursday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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