LaserBond Ltd (ASX:LBL) is one the ASX’s top performers today with shares up 18.1% to 13 cents in the afternoon on no news.
The company researches, develops and applies innovative surface engineering technologies.
It then uses this to extend plant and machinery life, improve resistance to wear and corrosion, increase reliability and reduce maintenance and replacement costs.
Laserbond focuses on heavy industry sectors that embrace the productivity, innovation and sustainability benefits delivered by its products, services and technology.
Revenue up 17% in the December half
The value of orders received during the December half year was up year on year by 35% providing a 17% increase in revenue to $7.22 million.
Revenue was split across its Services division ($4.86 million), Products division ($2.36 million) and Export Sales division ($1.14 million).
This resulted in an underlying NPAT of $234,000 for the half.
Further growth from resources and energy expected
Laserbond expects to see further growth come from the resources and energy sectors as the pressure to reduce equipment downtime and maintenance costs continues to provide opportunities for LaserBond to grow.
The company’s outlook for the current June half is for increasing revenue and profits in the Services and Products divisions.