Lupus Capital, a supplier of products to the door and window industry, is suffering from softness in the building sector but luckily a nice sideline in "marine breakaway couplings" for the oil and gas industry.

In the half year to 30 June, revenues fell to £124.7m from £133.2m over the same period the previous year, while pre-tax profits came in at £4.8m, down from £5m previously.

The building products business saw sales fall to £114.6m from £125.1m, while oil services sales climbed to £5.4m from £4.2m.

"After an encouraging first quarter, demand in the US and UK Building Products markets softened during the second quarter," chairman Jamie Pike said.

"The trading environment in the US and UK Building Products markets remains challenging and shows few indications of significant improvement over the next twelve months. In Oil Services, given the strength of the order books at both Gall Thomson and Klaw, we expect continued solid performance across the balance of the year."

Marine breakaway couplings are used for loading and discharging oil products.

---
RG

Related share prices
Lupus Capital (LUP) share price