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TT electronics profit drops as components sales fall
Aug 20 (Reuters) - Electronics group TT electronics Plc's first-half profit fell 19 percent due to a slow firstquarter and reduced sales in its components division.
Pre-tax profit for the six months ended June 30 fell to 8.9million pounds from 11 million pounds a year earlier.
Group revenue rose about 5.5 percent to 261 million poundsfrom 247.2 million pounds. Revenue from its components divisionfell about 12 percent to 51.1 million pounds.
TT electronics said it expects a better second-halfperformance after trading improved in its components business.
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