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23 Aug 2019 | 09:06

Holders Technology profits slump on challenges in German automotive industry

Holders Technology reported a slump in half-yearly profits as revenues were adversely impacted by the overall economic environment and the challenges faced by the automotive industry in Germany. For the six months ended 31 May, pre-tax profit fell to £20,000 from £65,000 a year earlier and revenue decreased by 2.5% to £6.0m. PCB sales in the period decreased by 9.8%, from £4.76m in 2018 to £4.3m, while PCB gross margins decreased by 0.7% to 22.5%. The interim dividend was unchanged year-on-year at 0.25p per share.

At 9:06am: (LON:HDT) Holders Technology PLC share price was -5p at 40p

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