8 Mar 2010 07:00

|
Date: |
8 March 2010 |
|
On behalf of: |
Advanced Power Components PLC ('APC' or 'the Company') |
|
Embargoed until: |
0700hrs |
Â
Â
Advanced Power Components plc
Trading Statement
Â
Advanced Power Components plc (AIM: APC), a specialist distributor and manufacturers' representative of electronic components, today announces a trading update for the six months ended 28 February 2010.
Â
For the period under review the Board of APC expects revenues to be in the region of ÂŁ6.5 million with a net profit before tax of approximately ÂŁ40,000, compared with revenues of ÂŁ6.8 million and a loss before tax of ÂŁ281,000 for the corresponding period in the prior year.
Â
Whilst the return to profitability was in part the result of a number of steps taken to realign the Company's cost base with its current levels of trading, the Company also implemented a number of measures that were carefully planned to strengthen the Company's focus on technical sales, which has resulted in a number of additional promising opportunities being pursued. The Board continues to remain confident about the Company's future prospects.
Â
The Company expects to release its interim results for the six months ended 28 February 2010 on 10 May 2010.
Â
Â
-Ends-
Â
Â
Enquiries:
Â
|
Advanced Power Components plc |
01480 226600 |
|
Mark Robinson, Chief Executive Officer |
www.apc-plc.co.uk |
|
|
|
|
Redleaf Communications |
020 7566 6700 |
|
Henry Columbine/ Lucy Salaman |
apc@redleafpr.com |
|
|
|
|
Strand Hanson Limited |
020 7409 3494 |
|
James Harris/ Angela Peace |
|
|
|
|
|
Astaire Securities |
020 7448 4400 |
|
Ruari McGirr |
|
Â
Â
Notes to Editors:
Â
About Advanced Power Components
Â
APC plc is a leading specialist distributor of electronic components, comprising eight areas of activity:
Â
¡ APC Hi-Reldistributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
¡ APC Locator is the number one solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe.
¡ APC Hero has a specialist team of Product Managers ready to assist with your next design, our key areas include LEDS/LAMPS, drivers, wireless devices and modules, Zigbee, specialist sensors and crystals (plus fast turn around on programming).
¡ APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
¡ APC Displays+ provides dedicated technical and commercial support for a wide range of LCD`s, standard, custom, TFT, e-signage, character, graphics, driver boards, IC`s, single board computers and all related connectivity.
¡ APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
¡ APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
¡ APC KVARis a manufacturer and distributor of power saving equipment which optimises the performance of electrical motors, leading to reduced energy consumption and cost savings.
Â
Follow the stocks