Unaudited Interim Results-LPA GROUP PLC

Unaudited Interim Results-LPA GROUP PLC

Interim Unaudited Group Results for the six months ended 31 March 2023

LPA Group plc ("LPA" or the "Group"), the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces its results for the six months to 31 March 2023.

KEY POINTS

6 months to

31 March 2023

6 months to

31 March 2022

Year to

30 Sept 2022

Unaudited

Unaudited

Audited

Order Book

£34.9m

£30.8m

£27.8m

Order Entry

£16.2m

£12.1m

£19.7m

Revenue

£9.1m

£8.6m

£19.3m

(Loss) / Profit Before Tax

£(0.6m)

£(0.6m)

£1.1m

Basic (Loss) / Earnings  Per Share

(3.38)p

(2.84)p

8.99p

Loss Before Tax and Exceptional Items

£(0.6m)

£(0.6m)

£(0.2m)

Adjusted Loss Per Share (excluding exceptional items)

(3.38)p

(2.77)p

(1.05)p

Net Debt at period end

£1.0m

£2.5m

£0.5m

Paul Curtis, CEO, commented:

"I'm pleased to report that we have made good strategic progress, a good acquisition and a record order book with an exceptional order entry year to 31 March 2023.

We look ahead with confidence as we continue to deliver progress on our strategy. We expect to return to profitability in line with market expectations for FY23."

 

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