12th Nov 2015 15:26
LONDON (Alliance News) - Lighting equipment company FW Thorpe PLC said Thursday it is confident of a "satisfactory result" for its current financial year, although it noted some "mild softening" in some of its markets.
In a statement at the company's annual general meeting, the company's chairman said that the last financial year had provided "a satisfactory and somewhat pleasing result". For the year to end-June the company reported a 15% rise in pretax profit to GBP14.4 million from GBP12.6 million.
"A financial commentator has recently reflected on a statement I had made in 2008, commenting that our group, with its diverse market types and numerous specialised lighting sectors, benefited from an inherent smoothing effect on 'the sum of the whole'," said Chairman Andrew Thorpe in a statement Thursday.
"I mention this now as currently we see a mild softening in some of our markets with others faring well," Thorpe added.
Shares in FW Thorpe were down 2.2% at 220.00 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Thorpe