LPA manufactures and distributes electrical accessories for the rail, aerospace and cellular phone industries. In the six months to March, profit before tax fell 55% to £251,000 (£555,000) on turnover down 2.7% to £4.81m (£4.95m). Profits fell primarily due to the performance of LPA Industries. It was hit by the delay in the re-franchising process which subsequently prevented train companies from placing orders for new trains. Manufacturing inefficiencies and increasing competition in its industrial markets also curtailed performance. LPA's strategy will be to grow the group organically by expanding the scope of its supply. The acquisition of Excil Electronics will increase its ability to supply equipment to the expanding rail sector. Just after the year-end, LPA acquired Haswell, a manufacturer of metal enclosures used in the electronics and engineering industries.