Laird looks like it is walking a fine line - it maintained its half-year dividend of 4p a share, despite reporting falling sales, profits and cash flow, and admitting that it is "yet to see any signs of a sustained economic recovery".
IC TIP:
Hold
at
179.5p
Sales dropped 16 per cent to £266m, while underlying operating profits fell a staggering 78 per cent to £7.6m, as the manufacturer of mobile antennae saw its customers destocking components throughout the first half of the year. On a constant currency basis, like-for-like sales collapsed 36 per cent.
