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Advanced Power Components

  • BY: Andrew Hore |
  • POSTED: 06/03/2012 |

Destocking appears to have hit electronic components distributor Advanced Power Components and it will make a lower interim profit and is likely to fall short of expectations for the full year.

Second quarter orders were disappointing and this will hit revenues in the third quarter. The financial year had started well but February was weak. Revenues will increase from £6.5m to £7.3m in the six months to February 2012 while the profit will be minimal compared to £100,000 last time. There will be £25,000 of reorganisation charges in the first half.

APC should at least reach breakeven for the year as a whole.

APC’s cleantech investments are yet to bear fruit but it believes that this investment will pay off in the longer-term. LED lighting business QV is still building up its revenues and energy efficiency products supplier Minimise, where APC has a trading relationship and a 18% stake, is increasing the sales of its imop product.

At 9.62p a share, down 2.62p, APC is valued at £2.47m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf

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