Premier Farnell boosts dividend after beating quarterly forecast

first_img KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Show Comments ▼ ELECTRONIC components distributor Premier Farnell more than doubled its profit in the second quarter, beating market expectations, helped by strong growth in China and a recovery in North America.The company, which counts Philips, Microsoft and Nokia among its customers, posted underlying pre-tax profit of £23.8m for the three months to 1 August, up from £10.7m a year ago, on revenue 30 per cent higher at £252.1m.The sales growth had continued in August, with sales up more than 25 per cent year-on-year, it said.Premier Farnell, which competes with Electrocomponents, increased its interim dividend by five per cent to 4.4p, underpinned by its confidence in its strategy, although it said it remained aware of the uncertain economic outlook and the inherent limited visibility in the business. Analysts were expecting the company to report revenue of £233.8m and pre-tax profit of £21.2m, according to a company-supplied consensus of seven brokers.Chief executive Harriet Green said the results reflected “the continued progress in our strategy”.Shares in Premier Farnell gained 7.3 per cent to close 17.5p up at 257.1p. Premier Farnell boosts dividend after beating quarterly forecast Thursday 9 September 2010 8:33 pmcenter_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULLlast_img read more