Preliminary results for the period to 30 September 2005
Preliminary results for the period to 30 September 2005
Hardide plc, the provider of unique surface engineering technology, announces its maiden set of preliminary results which cover the trading of Hardide plc from its formation on 27 January 2005 to the Company’s year end on 30 September 2005. The pro forma results cover the trading of the operating subsidiary Hardide Coatings Limited, which was acquired by Hardide plc on 7 March 2005, for the 12 months to 30 September 2005.
Highlights:
pro forma turnover of £1,088,615 (2004: £330,878);
pro forma operating loss reduced to £705,884 (2004: £1,005,202);
pro forma loss before tax reduced to £701,490 (2004: £1,016,937);and
strong order book.
Commenting on the results, Jim Murray-Smith, Chief Executive of Hardide plc, said: “This is an encouraging set of results with Company turnover increasing three-fold on a pro forma basis, and losses substantially reduced as expected.
“Demand for Hardide’s product is strong and our order book places the Company on a solid footing for 2006. The coming year will be another important period for Hardide as we continue our impressive history of new customer acquisition. I look to forward to updating shareholders in the near future.”
For further information, contact: Hardide plc, Jim Murray Smith, Chief Executive, Tel: +44 (0) 1869 353 830; e-mail: jmurray-smith@hardide.com; web site: www.hardide.com
