E2V.L Share News (E2V)

Electrical component supplier e2v said trading for the fiscal year 2011 is expected to be ahead of market expectations as it plans to resume dividend payments earlier than previously planned. e2v, whose imaging sensors equip the cameras onboard NASA's Messenger, said revenue for the year to 31 March rose 13% to £229m after better than expected growth. Chief executive officer Keith Attwood said he was pleased with the strong trading performance in improving markets and believes the business is well positioned to deliver further growth. "During the year we have made continued progress on implementing the growth strategy, previously announced last July. We intend to provide further guidance on the scale of the opportunities being generated when we announce our results on 6 June," he said.e2v confirmed it would pay a dividend of 3.6p a share for the year after rapid trading growth.The group's order book at 31 March was £167m compared with £161m a year earlier. Net borrowings at 31 March 2011 were approximately £28m, down £17m from net borrowings of £45m at 31 March 2010. CJ