14th Nov 2013 15:25
LONDON (Alliance News) - F W Thorpe PLC Chairman Andrew Thorpe Thursday told the company's Annual General Meeting that current trading is giving it "room for confidence".
Thorpe admitted that the last financial year had been challenging and unusual, after a lull in orders in the spring of 2012. The company was always playing catch up after the lull, despite order input being up in almost every subsequent month of the financial year, he said.
Thorpe added that two subsidiaries performed poorly during the year, although they are now profitable. He didn't give details.
FW Thorpe shares were down 4.4% at 130 pence Thursday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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