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LPA

Companies: LPA   
29/06/2001

LPA, which manufactures and distributes electrical accessories for the rail, aerospace and cellular phone industries, has produced some very disappointing results for the six months to March. Due to a collapse in orders from the UK rail industry, the company reported a loss of £136,000 compared to a profit of £251,000 in the same period last year. Overall turnover climbed 28% to £6.2m though. Prospects should improve over the next few years due to the increase in investment into the rail and London Underground infrastructure and rolling stock, though the encouragement being given to overseas suppliers by the Strategic Rail Authority has already made the marketplace more difficult for LPA's principally UK-based customers. The shares fell 20% in response to the figures.

Market cap: £6.4m
Share price: 58.5p

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