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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hardide Plc | LSE:HDD | London | Ordinary Share | GB00BJJPX768 | ORD 4P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.25 | 6.00 | 6.50 | 6.25 | 6.25 | 6.25 | 94,496 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coat,engrave,allied Svc, Nec | 5.5M | -1.12M | -0.0142 | -4.40 | 4.9M |
From Apr 2019 to Apr 2024
TIDMHDD
RNS Number : 7580M
Hardide PLC
18 October 2016
18 October 2016
Hardide plc
("Hardide" or "the Group" or "the Company")
Pre-close Trading Update
Hardide plc, the provider of advanced surface coating technology, announces the following pre-close trading update ahead of the publication of its preliminary results for the year ending 30 September 2016.
The Company expects to report preliminary year-end results that are in line with current market expectations with H2 seeing an improvement over H1, as projected at the time of the interim results. There are signs of a slow recovery from oil and gas markets, both from existing customers and from new opportunities. Our progress towards gaining aerospace business following Airbus technical approval is on-track and is looking positive across a range of applications for Airbus and other customers.
Our new US coatings facility in Virginia has achieved the required major customer approvals after extensive verification trials and is now regularly producing revenue.
The recent successful fundraising totalling GBP1.6m will enable the Company to progress with its plans for future developments and growth.
The Board expects to release preliminary results on 12 December 2016.
For further information: Hardide plc Tel: +44 (0) 1869 Philip Kirkham, CEO 353830 Jackie Robinson, Communications Manager finnCap Tel: +44 (0)20 7220 Stuart Andrews/Grant Bergman/ 0500 James Thomson
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, nuclear, advanced engineering and aerospace industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 18, 2016 02:00 ET (06:00 GMT)
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