Hardide Interim Trading Outperforms Both Halves Of 2017

4th Apr 2018 11:47

LONDON (Alliance News) - Surface coating developer Hardide PLC said on Wednesday that for the first six months of its financial year, trading was ahead of the first and second halves of 2017.

Sales for the six months to the end of March were more than 40% higher compared to the same period the year before and 25% above the second half of 2017, due to increased demand from customers in the oil & gas sector, as well as sales to flow control and precision engineering customers being ahead of both periods in 2017.

In addition, Hardide's new surface reactor is currently being manufactured and is on scheduled to be installed in Virginia in Autumn.

The company expects its performance for the year to be in line with market expectations.

Hardide will publish its full-year results on May 14.

Shares in Hardide were up 4.9% at 1.60 pence on Wednesday.

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