27th Apr 2017 07:00
LPA GROUP PLC
("LPA" or the "Group")
Property sale, half year closing trading update and contract award
LPA is pleased to announce that the sale of its former lighting factory in Normanton, in West Yorkshire was completed in March. Proceeds of £0.53m have been received, realising an exceptional gain of circa £0.3m, which will be reflected in the results for the half year ended 31st March 2017. The move to the new facility proceeded smoothly with minimal disruption and manufacturing is operating normally.
LPA is pleased to confirm that progress continues at pace, if not a full-blown gallop, with record orders entered at £14.8m and record sales of £10.8m being achieved during the first half, underpinning prospects for the year as a whole, and the longer term.
During April LPA has been selected, for the first time, to supply connection systems to China, for re-export on a significant project in Australia.
The board looks forward to the future with confidence.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
ENQUIRIES:
LPA Group plc | |
Peter Pollock, Chief Executive | Tel: 07881 626123 or 01799 512844 |
Steve Brett, Finance Director | Tel: 07881 626127 or 01799 512860 |
Cairn Financial (Nominated Adviser) | Tel: 020 7213 0880 |
James Caithie / Tony Rawlinson | |
WH Ireland (Broker) | Tel: 0113 394 6600 |
Tim Feather / Ed Allsopp | |
Instinctif Partners (PR Adviser) | Tel: 020 7457 2020 |
Mark Garraway / Helen Tarbet |
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