Trading update and broker forecasts (to be updated further).
05 July 2010
Elektron Plc
Trading Update
As Elektron Plc ("Elektron" or the "Group"), the AIM quoted technology based company, approaches the end of its first half, it announces a trading update.
Pre-tax profits for the half year to 31 July 2010 are expected to be significantly ahead of management's previous expectations.
The Board continues to be cautious about the second half because of global economic events. However, the order book remains strong and the Board believes that the Group will perform better than management's previous expectations for the current year.
Elektron expects to release its interim results on 16 September 2010.
Broker Forecasts.
Brokers upgrade pre tax profit £900,000 but state there will be a small tax charge and exceptional items. EPS current year forecast increase to 4.1p. (basic).
Finncap increase price target from 30p to 40p.
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