Electronics Production | September 07, 2006
Premier Farnell enjoys strong quarter
Strong second quarter sales growth performance, with sales per day from continuing operations up 10.8% on the prior year and slightly ahead of the seasonally strong first quarter. Fourth consecutive quarter for which the Group has seen positive sequential sales per day growth.
Pre-tax profit from continuing operations for the second quarter ended 30 July was up to £14.8m from £10.5m at the same time last year on revenue higher at £206.4m versus £190.8m in 2005. Half year profit before tax was up to £30.7m from £22.7m on revenue of £421.3m against last year's equivalent of £377.5m. The strategic business review started in May is making good progress, said the group, with the outcome expected to be announced during the autumn.