Electronic equipment maker Holders Technology plc (HDT.L), Wednesday, reported a loss for the year ended November 30, 2009, compared to a profit last year, reflecting mainly a sharp decline in revenue.
Loss before tax for the year was GBP 0.41 million compared to a pre-tax profit of GBP 0.51 million in the pervious year.
For the year, the company reported a loss attributable to shareholders of GBP 0.38 million or 9.52 pence per share compared to a profit of GBP 0.32 million or 8.21 pence per share a year ago.
Net revenues for the year declined 26% to GBP 12.97 million from GBP 17.48 million.
The company said it saw a recovery in profitability in the second half mainly due to the cost reduction measures undertaken. Pre-tax loss for the second half decreased to GBP 0.4 million from GBP 0.6 million in the first half.
The company noted that it has completed the acquisition of JK Components Ltd, a distributor of light emitting diodes or LED components in late December and anticipates that the acquisition will widen the group's activities.
R W Weinreich, Chief Executive, said, "--it is still early to comment on the current year but to date we have seen some recovery particularly as compared to the exceptionally difficult comparable months of the preceding year. The current year will enjoy the full benefit of the restructuring savings and we hope to see gains from the specialist product ranges."
The directors have declared a second interim dividend of 3.25 pence per share payable on March 31, 2010 to shareholders on register at close of business on March 5, 2010.
The total dividend for the year, including the first interim dividend of 2.1 pence per share paid on October 6, 2009, is 5.35 pence per share and is in line with last year's dividend.
HDT.L shares are currently trading at 80.00 pence down 3.5 pence or 4.19% on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.