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AIM-listed surface coatings specialist Hardide (LON:HDD) watched its share price rise by 2.28% to 74.16p (as of 10:10 BST) as it said that its revenues for the year ending 30th September would be ahead of expectations. Management stated that there had been strong demand in core markets with increased sales to major clients and to the precision engineering sector in general.
CEO Phillip Kirkham commented: “We are pleased to announce the second consecutive year of record sales revenue. Revenue for the second half year is expected to be approximately 13% ahead of the first half and the full year approximately 9% ahead of the last financial year. It is also pleasing that demand is spread across a continually broadening range of customers, sectors and applications. Demand remains strong and we are optimistic about further growth in the year ahead“.
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