02/10/2000
In the year ending 30 June, Eleco decided to focus on its core building systems and engineering activities. A broadening of the product range and a programme of capital expansion helped the company raise turnover and profits. At the pre-tax line, profits rose to £1.519m (£1.503m) on turnover which lifted by 2.6% to £27.5m (£26.9m). The refocus left behind a building systems business, which accounted for 92.1% of group sales and pushed up turnover to £25.4m (£24.7m). The company's strategy has been to broaden its core product range and invest in capacity expansion, particularly within the concrete arm, Bell and Webster. The acquisition of the software developer MBA Computing is part of the group's strategy going forward. Within the roof and panel operations, the software package SpeedDeck Designer 2.0 is expected to 'make a significant contribution to the development of SpeedDeck's roofing business', according to executive chairman John Ketteley.
| Market cap: | £12.3m |
| PE Average: | 9 |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 32.5p |
| AIM | £26.98m |
45.00p
|
2.50p
|
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| Other company articles: |
| 18/03/2008 |
| 28/03/2007 |
| 22/03/2006 |
| 29/10/2005 |
| 02/10/2000 |
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