25 August 2020
following our tip recently at 11p, it is pleasing to see that shares in Carclo have ticked up following the announcement of the results for the year to 31 March. These revealed that revenue on continuing operations rose to £110.5m from £105.3m in the previous year whilst underlying operating profit rose to £7.3m from £6.4m. During the year the company completed its exit from its loss-making LED division including the sale of its Wipac business.
Clearly these results are of little relevance given recent developments. Of more importance is the outlook going . . .
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