Elektron Technology Share News (EKT)

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Elektron Technology sells rubber manufacturing business for £300,000

Fri, 02nd Dec 2016 08:05

(ShareCast News) - AIM-listed Elektron Technology has sold its rubber instrument manufacturing business to C&M Project for £300,000.The company sold Wallace, a manufacturer of rubber testing instruments, as part of its strategy of a "rationalisation of its portfolio" as it focuses its Connectivity, IMC (Instrumentations, Monitoring and Control) and Checkit businesses, while the funds from the sale will be used as working capital.In the year ended 31 January, Wallace, which traded as a brand within Wallace Instruments, had sales of £1.2m and a brand contribution of £100,000. After costs the company estimates that Wallace will be breakeven.In the 10 months to 30 November, Wallace's revenue remained flat at £1m, compared to last year, and the company said that its contribution "was not material" to Elektron.

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5 Oct 2015 08:06

Elektron Technology Launches Checkit Work Management Product

28 Sep 2015 08:58

DIRECTOR DEALINGS: Elektron Technology Non-Executive Buys First Shares

14 Sep 2015 16:14

DIRECTOR DEALINGS SUMMARY: Five Non-Execs Increase Shareholdings

14 Sep 2015 15:34

DIRECTOR DEALINGS: Elektron Tech Non-Executive Buys 150,000 Shares

10 Sep 2015 08:45

Elektron Technology swings profit in the second half

(ShareCast News) - Connectivity and instrumentation monitoring group Elektron Technology swung to a profit in the second quarter of its financial year. In the six months to the end of July, the London-listed group posted a pre-tax profit of £0.3m compared with a £0.6m loss in the corresponding perio

10 Sep 2015 08:12