REG - LPA Group PLC - Property sale, trading update and contract award <Origin Href="QuoteRef">LPA.L</Origin>

LPAAnnouncement

27/04/2017 07:09

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 0.53m have been received, realising an exceptional gain of circa 0.3m, which will be reflected in the results for the half year ended 31st 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 14.8m and record sales of 10.8m 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 Adviser)
Tel: 020 7213 0880
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
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