Holders Technology plc (AIM: HDT) announces its audited results for the year ended 30 November 2019.
The Group supplies specialty laminates and materials for printed circuit board manufacture (“PCB”) and operates as a Lighting and Control Solutions (“LCS”) provider. The Group operates from the UK and from Germany, with a PCB division and an LCS division in each country.
LCS divisions made further progress during the year and achieved profitability, and the PCB UK division in the UK made modest progress. Market conditions for the PCB division in Germany remained difficult which resulted in reduced revenue and profitability for the division. The UK legacy tax liabilities were resolved with a favourable outcome. The overall profit after tax was a modest improvement compared to 2018, from slightly reduced revenue.
The directors will recommend payment of a final dividend of 0.75p per share, a total of 1.00p for the year (2018 total: 0.75p).
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