5th Oct 2021 18:03
(Alliance News) - Worcestershire-based lighting systems firm - Reports rise in annual revenue supported by large-scale orders, despite various operational difficulties. For financial year ended June 30, pretax profit rises to GBP20.1 million from GBP15.9 million in financial 2020 on revenue which rises to GBP117.9 million from GBP113.3 million. FW Thorpe ups total shareholder payout to 5.80 pence per share from 5.66p prior year. Says it has started new financial year with strong order book and expects normal trading conditions to return soon.
"Whilst still carrying some increased manufacturing costs, all companies are capable of producing increased revenue in the coming year. As mentioned earlier, the group as a whole commenced the new year with a good order book, especially at Thorlux Lighting. There remain some difficulties, though, caused by component supply shortages, some capacity restraints and ongoing COVID-related disruption," says Chair Mike Allcock.
Current stock price: 422.00 pence
Year-to-date change: up 26%
By Arvind Bhunjun; [email protected]
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