LONDON (Dow Jones)--e2v technologies PLC (E2V.LN) Monday said trading in the 2011 fiscal year has so far been "significantly ahead" of a year earlier and current demand levels indicate this year's trading has the potential to be near the upper end of its expectations.
The electrical component manufacturer didn't give details of its internal expectations but analysts anticipate pretax profit of between GBP19.9 million and GBP24.9 million for the year to March 31, 2011, according to a FactSet poll of four analysts.
In an update from April 1 to July 16, e2v said its order book for delivery during the next 12 months stood at GBP146 million at June 30, up from GBP127 million a year earlier.
The company said net borrowing at June 30 increased as anticipated by GBP5 million from March 31 to GBP50 million.
-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; email@example.com
Semiconductor maker e2v Technologies has said that full year trading will be only 'marginally below' its previous expectations, as it anticipates a strong second half to follow on from a below par first half. [11 Oct '12]
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