Shares of Holders Technology surge on a swing up in FY 2021 pretax profit

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A general improvement in economic conditions boosted revenue at Holders Technology PLC, which led to an 11% jump in the stock price on Monday. Holders Technology PLC has now reported a swing to pretax profit for fiscal 2021 on higher revenue.

The London-listed provider of printed circuit board materials and lighting and control services made a pretax profit of 787,000 pounds ($1 million) for the year ended November 30, 2021, compared to a loss of GBP264,000 a year earlier.

The lighting and control solutions business accounted for a significant portion of the company’s annual revenue increase of GBP12.4 million, up from GBP9.8 million.

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The board has announced a final dividend of 0.50 pence a share, bringing the total dividend for the year to 3.0 pence compared to the previous 0.50 pence dividend. A special dividend of 2.0 pence was paid earlier this year as a result of the sale of some printed-circuit-board assets.

However, “the potential impact on our immediate business outlook is inevitable, but we can say that, in part due to the recent disposal of certain activities, we have a strong balance sheet,” Chairman Rudi Weinreich said. This, coupled with the opportunities we perceive, leaves us “well positioned to meet our challenges in the years ahead,” he added.

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Zaid Quraishi
My name is Zaid Quraishi. I pride myself on being a meticulous and organized individual who has done his Bachelors in Medical Technology and currently pursuing my Master's in the same course from Sher-e-Kashmir Institute of Medical Sciences. I belong to the beautiful valley of Kashmir, and my hometown is Srinagar. I am the elder sibling of my younger brother. As far as my strengths are concerned, I am effectively communicative, optimistic, reliable, a team player, and time-efficient. My weaknesses are that I am an honest person and I tend to be blunt, and sometimes, I like to work alone. I am passionate about content writing, online gaming, and learning new things, especially languages (currently German). I have written two papers for my University degree, which helped me immensely in learning how to write effectively. I am confident in my writing skills, and I can effectively pour my thoughts out in writing and express myself so that the reader relates to it and is intrigued by the content. I love to play with my pet cat, and she is a darling to me. The thing that I dislike the most is being distracted when you are in the zone. Currently, I am a content writer in a dynamic work environment at Shouzy, ready to improve readers' satisfaction and increase retention levels.

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