Elektron is on the comeback trail
Shares in tiny electronics engineer Elektron Technology (EKT:AIM) jumped 14% to 19.5p on 2 November after a surprisingly strong third quarter trading update.
Sales in the three month period increased by 34% year-on-year, principally thanks to success in Elektron’s specialist connector arm Bulgin.
Last year Elektron saw group revenue crash by 29%, spinning the company into the red. (SF)