Half-year results place the group on track to achieve existing expectations. The earlier signal that some train sector project revenues were being rescheduled into FY22 has been not much worse than management anticipated, with activity building in Q4 and strong order book for FY22 and beyond. Swift action to reduce costs has contained the impact on profits and this focus on cash has resulted in a £0.5m reduction in net debt to £1.95m. No change to trading forecasts, with a higher tax credit resu ....
17 Jun 2021
LPA Group - Interim results on track – with a record order book
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LPA Group - Interim results on track – with a record order book
LPA Group Plc (LPA:LON) | 64.0 0 0.0% | Mkt Cap: 8.65m
- Published:
17 Jun 2021 -
Author:
David Buxton -
Pages:
6
Half-year results place the group on track to achieve existing expectations. The earlier signal that some train sector project revenues were being rescheduled into FY22 has been not much worse than management anticipated, with activity building in Q4 and strong order book for FY22 and beyond. Swift action to reduce costs has contained the impact on profits and this focus on cash has resulted in a £0.5m reduction in net debt to £1.95m. No change to trading forecasts, with a higher tax credit resu ....