Elektron is on the comeback trail

Third quarter trading update triggers 14% share price hike
Thursday 09 Nov 2017 Author: Steven Frazer

Shares in tiny electronics engineer Elektron Technology (EKT:AIM) jumped 14% to 19.5p on 2 November after a surprisingly strong third quarter trading update.

Sales in the three month period increased by 34% year-on-year, principally thanks to success in Elektron’s specialist connector arm Bulgin.

Last year Elektron saw group revenue crash by 29%, spinning the company into the red.

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