Strix Group upbeat after 'resilient' first half
By Josh White
Date: Thursday 23 Jul 2020
(Sharecast News) - Kettle safety control company Strix Group updated the market on its first half on Thursday, reporting a "resilient" performance, with a marked recovery and "solid performance" in June.
The AIM-traded firm said it had "strong" order book visibility for July and August, adding that it was continuing to "prudently invest" in growth opportunities.
It said it was on track to deliver 14 new products in the current year, and said external construction of its new manufacturing operations in China was now complete.
Strix Group said it was expecting to report full-year adjusted profit after tax for the 12 months ending 31 December in line with the previous financial year, at £28.9m.
At 1533 BST, shares in Strix Group were up 3.51% at 190.46p.
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