Elektron Technology’s trading update has confirmed a positive end to FY18 and encouraging start to the year ahead. Sales grew by c.10.9% in FY18 driven by the group’s connector and component business, Bulgin. Profits benefited from higher Bulgin margins, operational gearing and efficiency gains, despite continued investment to support long-term growth. Strong trading, along with proceeds from disposals, also drove a significant increase in net cash to c.£5.1m. The group is well positioned for fu ....
08 Feb 2018
Positive year end trading update
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Positive year end trading update
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
08 Feb 2018 -
Author:
Jo Reedman -
Pages:
3
Elektron Technology’s trading update has confirmed a positive end to FY18 and encouraging start to the year ahead. Sales grew by c.10.9% in FY18 driven by the group’s connector and component business, Bulgin. Profits benefited from higher Bulgin margins, operational gearing and efficiency gains, despite continued investment to support long-term growth. Strong trading, along with proceeds from disposals, also drove a significant increase in net cash to c.£5.1m. The group is well positioned for fu ....