Specialist electronic components designer and distributor APC Technology reported improved revenues and profit in the first half.
In the six months to February 2019, revenues were 24% higher at £10.6m, while underlying pre-tax profit was 71% ahead at £660,000. Net debt was £2.7m at the end of February 2019 and higher interest debt has been paid back.
APC is expected to make a more than doubled full year pre-tax profit of £1.63m and more importantly it should be generating cash from operations.
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