Elektron results to 31st Jan 2010 in brief (to be updated in due course)
Highlights:
Turnover £29,882 (35,644)
Operating profits excluding discontinued operations goodwill exceptional operations £1,763 (£1,0002)
Very strong second half: EBIT of £1.5 million (2009: £0.3 million)
Dividend 0.5p (0.46p) to be paid on 17th August, scrip divi alternative
Outlook
Current sales and EBIT are well ahead of management expectations. Orders for the year to date are currently running at 148% of last year with the current Group order book standing at £8.1 million, 76% up on this time last year. It should however be borne in mind that prior year comparatives were especially weak and that it will be harder to sustain such dramatic percentage increases as the year progresses.
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