LPA Group lifted by H1 results

The price of shares in AIM-listed LED lighting specialist LPA Group (LON:LPA) increased by 11.45% to 73p (as of 11:10 BST) after it reported a pre-tax profit for the six months ended 31st March. Revenues were 7% higher than during the comparable period and the order book was up by 24.9% at the end of the half year.

CEO Paul Curtis commented: “Although Covid-19 has caused significant disruption to the first half of the financial year, we are pleased to show a 7% increase in sales, a 29% increase in order book and a return to profitability. Our sites are fully compliant with safe working guidelines and have remained open in support of our customers throughout the period. We continue to work with our excellent staff during this difficult time and thank them all for their efforts and dedication. The Group has significant opportunities to pursue, and, although customer demand remains fragile in some areas, confidence is slowly returning to the market and we look forward to increasing momentum over the coming 18 months“.