20 June 2019 – interim results

LPA Group has announced interim results for the six months to 31 March 2019.  The news was slightly mixed, with the raw numbers disappointing but also some very encouraging signs.  Revenue fell from £13.9m to £10.1m.  A loss before tax of £0.2m was suffered versus a profit of £1.0m a year earlier.  The loss per share was 1.20p (2018: earnings per share 6.51p).  The interim dividend was held at 1.1p per share and turning to positives the order book grew to £19m, up from £16m a year earlier.  Gearing was also reduced to 22% (2018: 31%).  The shares remain a LONG TERM BUY.