Petards reports improved second half revenue
Profit before tax for the year to 31 December 2011 is expected to be higher than market expectations due to better margins, overhead savings and lower financing costs. Cash flows were also ahead with net debt reducing from £1.8m at 30 June 2011 to £1.5m at 31 December 2011.
According to the board, the current year has started satisfactorily and the level of order prospects remains encouraging.
[LON:PEG] share price was +3p at 27p
[LON:WTH] Water Hall Group share price was +0.26p at 1.88p
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