8th Mar 2010 07:00
Date: |
8 March 2010 |
On behalf of: |
Advanced Power Components PLC ('APC' or 'the Company') |
Embargoed until: |
0700hrs |
Advanced Power Components plc
Trading Statement
Advanced Power Components plc (AIM: APC), a specialist distributor and manufacturers' representative of electronic components, today announces a trading update for the six months ended 28 February 2010.
For the period under review the Board of APC expects revenues to be in the region of £6.5 million with a net profit before tax of approximately £40,000, compared with revenues of £6.8 million and a loss before tax of £281,000 for the corresponding period in the prior year.
Whilst the return to profitability was in part the result of a number of steps taken to realign the Company's cost base with its current levels of trading, the Company also implemented a number of measures that were carefully planned to strengthen the Company's focus on technical sales, which has resulted in a number of additional promising opportunities being pursued. The Board continues to remain confident about the Company's future prospects.
The Company expects to release its interim results for the six months ended 28 February 2010 on 10 May 2010.
-Ends-
Enquiries:
Advanced Power Components plc |
01480 226600 |
Mark Robinson, Chief Executive Officer |
www.apc-plc.co.uk |
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Redleaf Communications |
020 7566 6700 |
Henry Columbine/ Lucy Salaman |
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Strand Hanson Limited |
020 7409 3494 |
James Harris/ Angela Peace |
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Astaire Securities |
020 7448 4400 |
Ruari McGirr |
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Notes to Editors:
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising eight areas of activity:
¡ APC Hi-Reldistributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
¡ APC Locator is the number one solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe.
¡ APC Hero has a specialist team of Product Managers ready to assist with your next design, our key areas include LEDS/LAMPS, drivers, wireless devices and modules, Zigbee, specialist sensors and crystals (plus fast turn around on programming).
¡ APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
¡ APC Displays+ provides dedicated technical and commercial support for a wide range of LCD`s, standard, custom, TFT, e-signage, character, graphics, driver boards, IC`s, single board computers and all related connectivity.
¡ APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
¡ APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
¡ APC KVARis a manufacturer and distributor of power saving equipment which optimises the performance of electrical motors, leading to reduced energy consumption and cost savings.
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