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Holders swings into profit

By BFN News | 07:26 AM | Thursday 20 February, 2014


Holders Technology swung into the black in the year to the end of November posting pre-tax profits of £97,000 against a restated loss of £68,000 last time. Revenues rose to £14.3m from £13.6m with LED revenue growth of 25.4%. The group said the overall results were mixed. In Germany the PCB and LED divisions both made good progress. However, in the UK, PCB revenue fell and LED revenue was impacted by the loss of a major customer and reduced revenue while its components division was restructured. Chinese operations incurred further losses and were sold in January 2014. The result from the discontinued Chinese business was £269,000 loss compared to £326,000 loss in 2012. Story provided by StockMarketWire.com

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