TT Electronics raises profit outlook after 37% rise in operating profit
For the six months to end-June, operating profit rose 37% to £18.5m and pre-tax profit climbed 85.9% to £15.8m. Revenue fell 2.7% to £228.1m but was up 4% excluding Plano production cessation.
In the six months to the end of June, operating profit rose 37% to £18.5m and pre-tax profit was 85.9% higher at £15.8m.
Revenue dipped 2.7% to £228.1m but was up 4% excluding the impact of cessation of production at the Plano site, and the £14m year-on-year revenue reduction from the previously re…