|Bid||0.00 x 130000|
|Ask||0.00 x 41500|
|Day's range||587.60 - 599.80|
|52-week range||467.90 - 713.32|
|PE ratio (TTM)||24.73|
|Earnings date||21 May 2018 - 25 May 2018|
|Forward dividend & yield||0.10 (1.75%)|
|1y target est||663.18|
The electronics components distributor, which supplies Raspberry Pi - a low-cost computer created to help millions of people get online and learn to code, said it remained on track to deliver a stable gross margin for the year ending March 2018. Revenue from the company's Asia Pacific business recorded the highest growth among the five regions it operates, with revenue from the region rising 22 percent over the period. The company has been cutting costs in Asia Pacific, growing its high-margin private-label business and improving its online sales since 2015, when Lindsley Ruth took over as CEO and was tasked to turn around the business.
Shares of the company, UK's largest industrial distribution company, were down about 2 percent in morning trading. Electrocomponents said it was on track to deliver stable gross margins in the full year ending March 31, but cautioned that the second-half number would have tougher comparatives as the year ago period included a benefit from foreign exchange. Electrocomponents' headline profit before tax rose to 79 million pounds for the six months ended Sept. 30, from 55.1 million pounds in the same period last year.
Electrocomponents Plc reported a 16.6 percent rise in first-half revenue, buoyed by strong growth across all its markets. The electrical products distributor reported revenue of 823.8 million pounds for ...
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** Electrocomponents up 3.6 pct, top gainer on FTSE 250 ** Co says Q1 revenue rose 13%, helped by strong growth in Europe and Asia ** Revenue from Europe, which contributed about 61% of its revenue for ...
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