Components group Elektron said it is no longer seeing dramatic declines and continuing to see improvements in some areas of its business.The firm, which makes switches, battery holders and other electrical products, said margins at its largest division, Elektron Components, which accounts for 60% of revenues, increased as a result of lower material and labour costs. Sales at the Hard Metal Division, which accounts for 20% of sales, were lower than expected due to weakness in the oil and gas market, the firm said. The Elektron Instruments Division, also accounting for 20% of revenues, suffered continued sales weakness though margins have stayed relatively firm, it said.