UK's LPA Group gains after new rail industry order

LPA

15/02/2023 09:41

** Shares of LPA Group  LPA.L  up as much as 9.8% at near
eight month high of 84p
    ** The LED lighting manufacturer wins 5.3 mln pounds  ($6.4
mln) order to supply electro-mechanical products to the UK rail
industry
    ** Announces record orderbook of 34 mln pounds, says co on
track to meet its FY expectations 
    ** Co on Feb. 3, said it sees a return to profitability in
FY23 and resume dividend payouts 
    ** Stock on track to log fifth straight session of gains, if
trend holds
    ** Including session's gains, stock up ~13% so far this
year, had fallen ~39% in 2022 
($1 = 0.8271 pounds)
 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))