9th Feb 2015 08:03
LONDON (Alliance News) - Hardide PLC results to date are slightly ahead of budget, according to Chairman Robert Goddard, citing "good progress" in the first four months of the current financial year.
In a statement to be made at the company's annual meeting, scheduled for 1130 GMT Monday, Goddard will tell shareholders that plans for expansion of capacity are on track, both in the UK and US, due to "developing" customer demand.
"A number of new applications are in test for customers across a range of industries, which strengthens Hardide's medium-term revenue pipeline. The board is mindful of the recent decline in the oil price and continues to monitor carefully its clients' order patterns," Goddard will say.
Hardide's financial year runs to September 30.
By Samuel Agini; [email protected]; @samuelagini
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