Profits boost at Electrocomponents (From Witney Gazette)

Profits boost at Electrocomponents

10:33am Thursday 24th May 2012 in Business By Andrew Smith, Business Editor. Call me on 01865 425460

Electronics and maintenance products supplier Electrocomponents has revealed a surge in its fortunes.

Bosses at the firm, which employs more than 90 staff at its headquarters on the Oxford Business Park, reported pre-tax profits £122.3m for the year ended March 31, a rise of seven per cent on the same period last year.

Annual turnover also rose to £1.267bn, also a rise of seven per cent and a record for the company.

Group chief executive Ian Mason said: “With a strong business model, a proven strategy and a global infrastructure that has been strengthened following investment in our systems in North America, UK and Europe, we see significant long-term growth potential.”