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Electrocomponents reported a fall in half-yearly profit as revenue growth was offset by asset write-downs following the collapse of British Steel.
For the six months ended 30 September, pre-tax profit fell 4.3% to £89m and revenue rose 7.3% to £978.7m on-year.
The interim dividend was raised by 11.3% growth, in line with policy. Over the first six weeks of the second-half of the year, the company said it had continued to outperform, gaining market share in industrial and whilst delivering 'strong' growth in RS PRO segment, which were largely offset by ongoing softness in electronics.
At 8:30am: (LON:ECM) Electrocomponents PLC share price was -73.3p at 632.7p