Electrocomponents PLC (ECM.L)
9 Dec 2016
Nov 18 Electrocomponents Plc forecast higher full-year cost savings, after reporting better-than-expected first-half profit boosted by cost cuts and the pound's slide since Britain voted to leave the European Union.
Nov 18 Electrocomponents Plc raised its full-year cost-saving target and reported a 76 percent rise in first-half profit, helped by cost cuts made as part of a turnaround programme and a weak sterling.
Sept 15 Shares in Electrocomponents Plc hit a 12-year high on Thursday, rising nearly 15 percent after the company said it expected a 73 percent rise in first-half pretax profit.
* Now expect underlying sales growth of around 2 pct in first half
* Says RS Pro, which represents 12.8 pct of revenues saw growth accelerate to 7 pct