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Holders losses narrow

By BFN News | 07:18 AM | Friday 12 February, 2016

Holders Technology's revenues fell to GBP11.2m in the year ended 30 November - down from GBP13.5m in 2014. But operating losses narrowed to GBP151,000 from GBP357,000 and pre-tax losses fell to GBP166,000 from GBP362,000. LED results showed good improvement during 2015 and this, despite disappointing PCB results, led to material improvement in the group operating result. Group revenue was reduced compared to 2014 due principally to sterling strengthening and the loss of a large PCB distributorship at the end of 2014. Gross margins improved and cash balances remained satisfactory. The directors propose to pay a final dividend of 0.25p per share. Story provided by

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