LPA Lpa Group Plc

TIDMLPA

RNS Number : 4628D

LPA Group PLC

27 April 2017

LPA GROUP PLC

("LPA" or the "Group")

Property sale, half year closing trading update and contract award

LPA is pleased to announce that the sale of its former lighting factory in Normanton, in West Yorkshire was completed in March. Proceeds of GBP0.53m have been received, realising an exceptional gain of circa GBP0.3m, which will be reflected in the results for the half year ended 31(st) March 2017. The move to the new facility proceeded smoothly with minimal disruption and manufacturing is operating normally.

LPA is pleased to confirm that progress continues at pace, if not a full-blown gallop, with record orders entered at GBP14.8m and record sales of GBP10.8m being achieved during the first half, underpinning prospects for the year as a whole, and the longer term.

During April LPA has been selected, for the first time, to supply connection systems to China, for re-export on a significant project in Australia.

The board looks forward to the future with confidence.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

ENQUIRIES:

 
 LPA Group plc 
 Peter Pollock, Chief Executive     Tel: 07881 626123 
                                     or 01799 512844 
 Steve Brett, Finance Director      Tel: 07881 626127 
                                     or 01799 512860 
 
 Cairn Financial (Nominated         Tel: 020 7213 0880 
  Adviser) 
 James Caithie / Tony Rawlinson 
 
 WH Ireland (Broker)                Tel: 0113 394 6600 
 Tim Feather / Ed Allsopp 
 
 Instinctif Partners (PR Adviser)   Tel: 020 7457 2020 
 Mark Garraway / Helen Tarbet 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 27, 2017 02:00 ET (06:00 GMT)

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