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Holders Technology swings to profit in H1

By BFN News | 08:54 AM | Friday 27 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 Story provided by StockMarketWire.com

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