Elek­tron is on the come­back trail

Shares - - SMALLER COMPANIES -

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)

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