LPA first-half revenue falls as pandemic-led delay in projects dent revenue

Thu, 17th Jun 2021

LED Lighting manufacturer company LPA lower first-half profit revenue as project delays owing to the pandemic impact weighed on revenue. For the six months to 31 March 2021, pre-tax profit fell to £0.10 million from £0.19 million as revenue slipped 14% to £9.3 million. Order entry fell 9% to £13.0 million, but the order book increased 6% to a new record level of £26.2 million. 'The group continues to focus on costs and cash retention, and development of our people and product ranges, ensuring it is strongly positioned for the future,' the company said. Story provided by StockMarketWire.com

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