Stadium Group improves FY profit with order book at record levels

Shares in Stadium Group were ahead about 7% thanks to an improved full-year pre-tax profit, even though its revenue ticked a little lower, with an order book at record levels at period's end.

"Our order book at the year-end was at record levels, up 36% on the previous year end at £25.8m," noted chairman Nick Brayshaw.

He added the company's offering of complementary electronic technologies and design-focused engineering expertise is proving very attractive to current, previous and new customers.

"This growing demand gives us confidence in the outlook for 2017, which has started positively," said Brayshaw.

Stadium's pre-tax profit was £2.2m, from £1.7m. Revenue wsa £53.1m, from £53.9m.

At 13:21 GMT, shares in AIM-quoted Stadium were up 7.18% to 104.5p each.