Elektron – 11.75p

11 April 2013 – final results

Revenue for the year to 31 January 2013 slipped to £55.7m from £63.1m a year earlier.  Pre-tax profit before non-recurring or special items was £1.3m (2012: £4.6m).  Reported pre-tax loss was £1.0m (2012: £2.4m profit) while adjusted and diluted earnings per share from continuing operations were 1.0p (2012: 3.2p).  Although cash generation was strong net debt rose to £5.0m, up from £4.4m.  Orders in the first couple of months of 2013/14 have been satisfactory and this provides some confidence but for now we keep our HOLD rating.

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