Results show modest growth in a difficult environment, with a good improvement in gross margin and investment in divisional management resulting in a slight reduction in operating loss. With a strong order book and ongoing internal improvements, the outlook statement points to the expectation of a return to operational profitability in FY23. The land sale proceeds have strengthened cash and management is looking to the strategic expansion of the business. We resume forecasts, also a sign of thin ....
03 Feb 2023
LPA Group - FY results – returning to profit, resuming forecasts
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LPA Group - FY results – returning to profit, resuming forecasts
LPA Group Plc (LPA:LON) | 64.0 0 0.0% | Mkt Cap: 8.65m
- Published:
03 Feb 2023 -
Author:
David Buxton -
Pages:
8
Results show modest growth in a difficult environment, with a good improvement in gross margin and investment in divisional management resulting in a slight reduction in operating loss. With a strong order book and ongoing internal improvements, the outlook statement points to the expectation of a return to operational profitability in FY23. The land sale proceeds have strengthened cash and management is looking to the strategic expansion of the business. We resume forecasts, also a sign of thin ....