By Ian Walker
Shares of Holders Technology PLC rose 11% on Monday after the company reported a swing to pretax profit for fiscal 2021 on higher revenue that was boosted by a general improvement in economic conditions.
The London-listed supplier of printed-circuit-board materials and lighting-and-control services made a pretax profit for the year ended Nov. 30, 2021, of 787,000 pounds ($1 million), compared with a loss of GBP264,000 a year earlier.
Revenue for the year rose to GBP12.4 million from GBP9.8 million, mostly due to growth in the lighting and control solutions business.
The board has declared a final dividend of 0.50 pence a share, taking the total payout for the year to 3.0 pence compared with 0.50 pence. The total payout was boosted by a special dividend of 2.0 pence due to the sale of certain printed-circuit-board assets earlier this year.
"The potential impact of recent events in Ukraine inevitably cast a shadow over the immediate business outlook but we can say that, in part due to the recent disposal of certain activities, we have a strong balance sheet, and this coupled with the opportunities we perceive leaves us, we believe, well positioned to meet the challenges of the years ahead," Chairman Rudi Weinreich said.
Shares at 1035 GMT were up 10.0 pence at 97.50 pence.
Write to Ian Walker at ian.walker@wsj.com
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