Elektron in line

Instrumentation and electronics supplier Elektron says that trading is in line with expectations in the year to January 2011. AIM-quoted Elektron says that it will release its full year figures on 12 May. Geoff Spink, who joined Elektron as finance director, when his previous company Hartest Holdings was aquired, is stepping down from the board later this year after the next set of interim results. House broker FinnCap forecasts an underlying 2010-11 profit of £4.85m. The shares have trebled in the past year but they are trading on less than nine times 2010-11 prospective earnings. Based on a dividend of 0.75p a share, the yield is more than 2%.