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Hayward Tyler Group PLC ‘looking forward to a bumper second half’ says CEO

Tuesday, November 15, 2016 5:09
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(Before It's News)

Electric motors and pumps supplier Hayward Tyler Group PLC (LON:HAYT) has seen an uptick in new order activity in the last couple of months.

Revenue in the six months to the end of September rose to £23.1mln from £21.8mln the year before.

The group posted a loss before tax of £6.70mln versus a profit of £1.58mln for the same period of last year.

Chief executive Ewan Lloyd-Baker tells Proactive: ”Looked at in isolation it was a disappointing first half. Revenue was up slightly but obviously an increase in the loss …that really just reflects the fact that there wasn’t enough revenue to cover our overheads.”

”We talked at the end of last year about putting out numbers which were H1-light and H2-heavy and that’s very much been the case”.

”It’s a bump in the road but the road is ever bigger, ever straighter and we’re more confident in our ability not only to win the orders but then to execute them”, Lloyd-Baker added.

Story by ProactiveInvestors

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