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12 Jun 2019 | 14:56

Elektron Technology profit jumps on improved sales, margins

Operations management system provider Elektron Technology posted a rise in annual profit as it boosted sales and margins.

Pre-tax profit for the year through January rose to £4.6m, up from £2.7m on-year, as revenue grew 13% to £33.7m.

'The group's trading performance was exceptional and we have made strong operational and financial progress during the year,' chief executive John Wilson said.

'Bulgin delivered record profitability, Checkit sales accelerated to plan and EET returned to profitability.'

'We have worked hard to establish the foundation for continued growth in current and future years and hence look to the future with optimism.'

At 2:56pm: (LON:EKT) Elektron PLC share price was +0.5p at 44.5p

Story provided by StockMarketWire.com
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