EKT is having the turn around most companies would like to have at the beginning of the economic recovery.

The change of management and subsequent restructuring has brought the desire effect on the company fortunes, by eliminating loss making business and careful control on cost, they had managed an operating profit on all the three divisions at the Interim stage.

The good news has not finished there, as new products were introduced and were well received and the next stage will be for expansion on the Far East markets on selected niche areas of component distribution.

A 14% reduction on borrowing at a time of restructuring is very significant to the aims of the company for the future.

At 7.125p the shares have plenty of upside from now on, not only from the recovery on profits, but also from the most likely return of dividends at the final and that will be the icing on the cake for the share price.
Update
27th Oct 03 Elektron Employee Benefit Trust buys 300th shares at 6.40p
29th Oct 03 Director Richard Bulgin buys 25K at 7.25p latest

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Financial Highlights:
Sales up 45% to 20.6 million (H1 2009: 14.2 million)

EBITDA (pre exceptionals) up 323% to 3.0 million (H1 2009: 0.7 million)

EBIT (pre exceptionals) up eleven-fold to 2.6m million (H1 2009: 0.23 million)

Exceptional costs of 0.4 million largely relating to costs of acquisition of Hartest Holdings Plc ("Hartest")

Maiden interim dividend of 0.25p proposed and payable on 15 December 2010

Order book up 48% on last year, but the Directors continue to be cautious about the second half economic environment.

Nice comments from Investors Chronicle last week .......

Impressive results from Elektron
Created: 20 September 2010 Written by: Nigel Bolitho

It's boom time for the UKs small but niche manufacturing sector. A combination of a weak pound and booming emerging markets has resulted in some manufacturers such as Elektron expressing big ambitions: chairman Keith Daley believes that, in time, Elektron could become a member of the FTSE 250.

Elektron's results (and share price) are certainly motoring. In the half year to end-July 2010, margins widened appreciably, exceptional costs fell and the company was again blessed with a miniscule tax charge. The main division makes and distributes branded components (notably connectors and switches) and in the six months pushed up operating profits from 800,000 to 2m on sales a third higher at 15.4m. At the same time the business incubator division (bespoke temperature instruments to router cutters) turned a loss of 400,000 into a 600,000 profit.

In July 2010, Elektron purchased a 23 per cent share stake in precision instruments maker Hartest from Viking raider Peter Gyllenhammar and has since completed the 8m acquisition. The jewel of the deal may be Hartests Delhi subsidiary as a gateway to sales in India for the whole company. The current half year has started well and researcher Brokerlink forecasts 12-months sales some 20m higher at 49m, pre-exceptional profits up from 1.62m to 4.90m as earnings jump from 1.95p to 4.20p.

Also encouraging to see new Finance Director (and former Hartest Chief Exec) buy 125,000 shares today.

Has trod water last few months, but some sizeable shareholdings have changed hands (in particular Panther Securities gone from 20% to less than 6%). I take encouragement from trading statement today from Delcam and think there may be nice surprise with next results. Always dyor.

Is there any interest in a new thread here ?

Strong financial results at a time of significant change bodes well. Still a long way to go, but balance sheet in decent shape and start of current year suggests more growth on the way. Not looking expensive imo on fundamentals, but always dyor.

Elektron Technology (AIM:EKT) results don’t say too much but surely some focus is needed!

See more at: http://tinyurl.com/o3m9eav

StockMarketWire.com
Elektron Technology's group operating profits rose by 80% to £0.9m in the year to the end of January on reduced revenues of £43.3m (2015: £44.4m).

Profit before tax rose to £0.8m (2015: £0.2m) and underlying operating profits (before non-recurring or special items) from Connectivity and Instrumentation, Monitoring and Control (IMC) rose by 42% to £3.4m (2015: £2.4m). Checkit start-up losses increased to £2.2m (2015: £0.7m) while net debt fell by £1.1m to £1.6m (2015: £2.7m).

Other highlights include:
- The Group successfully balanced its investment in new product development (particularly Checkit) with the incoming cash flow from its established businesses as targeted

- A further £1.5m of capitalised development costs invested in Checkit in the year

- Checkit launched its work management system in October 2015

- Agar business sold after the year end for £2.0m cash proceeds and a further £0.3m deferred amount

Chief executive John Wilson said: "These results, together with the recently announced disposal, demonstrate the further progress we have made. We have continued to improve current business performance, allowing investment to establish a high growth portfolio of brands for the longer term.

"We remain focused on key new product development programmes, in particular relating to the Checkit brand and where possible, realising value from our current portfolio. The Board is confident that this strategy will deliver improved shareholder value in the longer term."