Elektron results came out June.
http://www.elektronplc.com/news/news-11-06-09.html
"Key Points:
Sales £35.6 million (2008: £34.9 million)
Operating profit before exceptional items slightly ahead of guidance at £1.1 million (2008: £2.1 million)
Exceptional charges previously announced of £3.2 million (2008: £1.0 million); cost base substantially reduced
Proposed final dividend up 2.2% to 0.46p per share; scrip issue alternative
Cash of £0.8m (2008: £2.0 million) "
A growth in the dividend shows confidence in the company.
For the last few years the company has been concentrating on cost cutting although that will continue the company is moving forward with more capital spend on Inovation...
"The major focus in the current year will be on Innovation. Elektron has started to implement an Innovation Project, drawing on talent already available within the Group, with a view to achieving substantial growth and greatly enhancing shareholder value. The Group is budgeting £1.4 million in technical spend in the current financial year and we are determined that as much of this as possible will be used to develop new products for growing markets rather than simply maintaining the existing product range."
Saturday 27 June 2009
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