28 July 2011 – trading update

The company has announced that sales and pre-tax profits for the half year to 31 July 2011 are in line with expectations but the tax rate incurred is likely to be higher than in the year to 31 January 2011.  In the prior year the Group benefited from available tax losses carried forward.  At this stage Elektron remains on track to meet market expectations for the full year.  A name to Elektron Technology Plc is being proposed to reflect the priority of the group.  Interim results are due out on 15 September 2011.  BUY.