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Last checked at 
8 Apr 2010 07:00
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Elektron Plc
("Elektron" or the "Group")
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Trading Update
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Elektron Plc, the technology based provider of engineered solutions, announces a trading update prior to entering its close period.
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The audit of the Group's accounts is ongoing, but an increase in trading in the final weeks of the last financial year has translated into a significant increase in operating profits pre exceptional costs. This upgrade in management's expectations for the financial year ended 31st January 2010 is further to that announced by the Group on 12th January 2010.
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Pre tax profits, including exceptional costs, remain broadly in line with existing market expectations. In addition, reported net assets will have increased as at 31st January 2010 by an estimated Β£800,000 as a result of the revaluation of available for sale financial assets.
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Elektron is pleased to report that the upward order trend has continued in the first two months of the current financial year giving the Board added confidence in at least meeting market expectations for 2010/11. Queensgate, the nanomeasurement specialist which is part of Elektron Ventures, is performing particularly well.
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The preliminary announcement of annual results is scheduled for Thursday June 10th 2010.
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For further information please contact:
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Keith Daley Chairman |
Clive Carver / Ed Frisby - Corporate Finance Simon Starr - Corporate Broking |
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Elektron Plc |
FinnCap |
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Tel: 020 8348 0810 |
Tel: 020 7600 1658 |
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