UK: Pentagon Protection posts first interim loss but positive about prospects

Pentagon Protection PLC, a UK manufacturer of high performance safety and security films for glass, posted its first interim loss of GBP 76,669. Despite the soft economy, partially reflected in some o…

Pentagon Protection PLC, a UK manufacturer of high performance safety and security films for glass, posted its first interim loss of GBP 76,669. Despite the soft economy, partially reflected in some of Pentagon“s business indicators, the directors are confident of the group“s prospects for the rest of 2003 and beyond. Pentagon added that it is looking forward to announcing significant progress in the months ahead as SupaGlass, its bomb and bullet resistant laminate, gains further awareness and acceptance, especially with new car fleets. In addition, the firm is confident that its entry into the glass etching market with significantly superior technology should bring some “exciting“ early results In a statement to the London stock exchange it said it still leads the competition with its products and technology and remains confident about the group“s long-term prospects in a number of growth markets. In the six months to 31 March 2003 sales were GBP 531,930.