|
Avon Protection PLC said on Tuesday that its financial 2022 pretax loss narrowed while its 2023 first quarter performance has been in line with expectations so far.
The Wiltshire-based respiratory protection equipment manufacturer said its pretax loss for the year that ended October 1 was £8.5 million, narrowing from $35.6 million a year ago.
Its revenue rose by 9.5% to $271.9 million from $248.3 million, while it maintained its annual dividend of 44.9 pence.
Avon Protection said its first quarter performance of its financial 2023 had been in line with expectations, as its opening order book of $151.3 million provided good visibility ahead of the financial year.
It saw mid-single-digit revenue growth excluding armour driven by the start of its first $42.1 million US Army order for its next-generation integrated head protection system helmet. Revenue from armour sales is expected to total $28 million to $30 million.
Shares in Avon Protection were down by 2.3% to 1,169.02 pence in London on Tuesday morning.
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
