Latest Share Chat

REMOVE ADS

Elektron Technology Share News (EKT)

Elektron Technology Information

There is currently no data for EKT

REMOVE ADS

Elektron outlines improved trading

Thu, 08th Apr 2010 08:34

Shares in components firm Elektron rose after it said an increase in trading in the final weeks of the last financial year has translated into a significant increase in operating profits pre exceptional costs."This upgrade in management's expectations for the financial year ended 31 January 2010 is further to that announced by the group on 12 January 2010," the group said in a company statement.Pre tax profits, including exceptional costs, remain broadly in line with existing market expectations. Reported net assets will have increased as at 31 January 2010 by an estimated £800,000 as a result of the revaluation of available for sale financial assets.Elektron said that the upward order trend has continued in the first two months of the current financial year giving the board added confidence in at least meeting market expectations for 2010/11.