21st Mar 2016 12:30
LONDON (Alliance News) - LED lighting company LPA Group PLC said it looks on track to outpace market expectations for its full financial year after good sales momentum seen in the first quarter continued into the second.
LPA said its LED lighting and engineering component distribution business had been very strong and, at present, it expects record orders, sales and profits for the half year to the end of March, ahead of its own expectations.
Though it remains to be seen whether this will continue through the full year to the end of September, LPA said, there is currently nothing to suggest the company will not be able to beat market expectations for the financial year.
LPA shares were up 11% to 120.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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