Elektron Technology had already provided headline numbers for H1 19 in its recent trading update, which drove upgrades to our PBT forecasts of 22% for FY19 and 6% for FY20. The interims were in line with these updated forecasts, with adjusted PBT more than doubling to £1.4m and an increase in net cash to £6.8m. While Bulgin was the biggest driver of group performance, all three businesses delivered good growth in sales and profitability. H2 has also started well and management remains positive a ....
19 Sep 2018
H1 19 in line with recently upgraded forecasts
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H1 19 in line with recently upgraded forecasts
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
19 Sep 2018 -
Author:
Jo Reedman -
Pages:
3
Elektron Technology had already provided headline numbers for H1 19 in its recent trading update, which drove upgrades to our PBT forecasts of 22% for FY19 and 6% for FY20. The interims were in line with these updated forecasts, with adjusted PBT more than doubling to £1.4m and an increase in net cash to £6.8m. While Bulgin was the biggest driver of group performance, all three businesses delivered good growth in sales and profitability. H2 has also started well and management remains positive a ....