January 3, 2018 / 7:20 AM / in 5 months

BRIEF-Electrocomponents Says ‍For Year To 31 March 2018 We Anticipate That Announced Us Tax Changes Will Have Minimal Impact On Group Effective Tax Rate​

* ‍FOR YEAR TO 31 MARCH 2018 WE CURRENTLY ANTICIPATE THAT ANNOUNCED US TAX CHANGES WILL HAVE MINIMAL IMPACT ON GROUP EFFECTIVE TAX RATE​

* EXPECT THAT U.S. TAX CHANGES WILL RESULT IN A NON-CASH EXCEPTIONAL TAX CREDIT AS A RESULT OF REVALUATION OF DEFERRED TAX BALANCES​

* ‍FOR YEAR TO MARCH 2019 WE CURRENTLY ANTICIPATE THAT CHANGES WILL REDUCE GROUP EFFECTIVE TAX RATE PERCENTAGE TO MID-TWENTIES​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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