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Don't have an account? Click here to register.Pittards profit remains stable as revenue slips
Tue, 02nd Apr 2019 10:46
(Sharecast News) - Specialist producer of technically-advanced leather and luxury goods Pittards announced its results for the year ended 31 December on Tuesday, reporting a fall in revenue to £28.5m, from £30.3m.The AIM-traded firm said its profit before tax was stable year-on-year at £0.4m, while EBITDA grew to £1.8m from £1.6m 12 months earlier.Net assets at year-end stood at £18.5m, down from £19.8m in 2017, while net debt narrowed to £7.7m from £8.0m.On the operational front, Pittards said it had a "new foothold" in the automotive and airline markets, and had made progress with footwear manufacturing in Ethiopia."Good progress has already been made in implementing the group's stated objectives," said Pittards chairman Stephen Yapp."Whilst the group must be mindful of the unpredictable global economic situation, in several respects the group has entered 2019 well positioned for growth with clear priorities, a stable financial base with available banking facility headroom of £5.5m and a positive outlook about our near-term opportunities."
More News
17 Feb 2015 09:08
Pittards peturbs with pound caution
Leather and luxury leather goods group Pittards warned that economic uncertainty was "making it difficult to predict future business" but that trading last year had remained robust. The AIM-listed company, which supplies high performance leather for products from handbags and shoes to cricket gloves
Read more22 Jul 2014 09:37
Tuesday broker round-up UPDATE
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read more22 Jul 2014 09:04
10 Jun 2014 14:26
DIRECTOR DEALINGS: Pittards Non-Executive Buys 6,000 Shares
LONDON (Alliance News) - Pittards PLC Tuesday said Non-Executive Director Jan Holmstrom bought 6,000 shares at a price of 130 pence per share on Monday. Following this transaction, Holmstrom holds 12,000 shares. Shares in the leather manufacturer were down 1.8% at 125.20 pence Tuesday
Read more9 Jun 2014 09:33
CORRECT: DIRECTOR DEALINGS: Pittards Chairman Sells Shares
(An item published Friday at 1619 BST incorrectly stated the nature of the transaction. The correct version is as follows.) LONDON (Alliance News) - Pittards PLC Friday said Chairman Stephen Boyd sold 200,000 shares at a price of 1.20 pence per share. Following this transaction Boyd h
Read more6 Jun 2014 15:19
DIRECTOR DEALINGS: Pittards Chairman Buys 200,000 Shares
LONDON (Alliance News) - Pittards PLC Friday said Chairman Stephen Boyd bought 200,000 shares at a price of 1.20 pence per share. Following this transaction, Boyd now holds 162,666 shares. Shares in the leather producer were down 1.8% at 140.00 pence Friday. By Arvind Bhunjun; a
Read more16 May 2014 11:45
DIRECTOR DEALINGS: Pittards Non-Executive Buys Shares
LONDON (Alliance News) - Pittards PLC Friday said Non-Executive Director Godfrey Davis bought 31,000 shares at a price of 157.75 pence per share. This transaction represents Davis's only holding in the leather production firm. Pittards shares were quoted down 7.1% at 145.00 pence Frid
Read more