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Profits boost at Electrocomponents
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.”