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Holders Technology swings to profit in H1

Friday, 27th July 2018
Laminates and materials company Holders Technology Friday swung to a first-half profit after reporting improved revenues and margin growth.

For the six months to 30 June, pretax profit was £0.065m, compared with a loss of £0.053m a year earlier as revenues rose 6.8% to £6.2m.

Higher revenues were supported by increased sales of PCBs and LEDs.

PCB sales in the period increased by 3.9% to £4.76m from £4.58m, but gross margins decreased by 0.7% to 23.2%.

LED revenue grew by 17.9% to £1.43m from £1.21m.

Gross profit rose to £1.59bn and margins rose to 25.6% from 25.4% .

At 8:54am: (LON:HDT) Holders Technology PLC share price was +4p at 48p

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