StockMarketWire.com - TT Electronics has swung to an H1 pretax profit of £6.3m, from a loss of £0.4m. Revenue was £263.6m, from £261.1m. Dividend was 1.7p a share, unchanged. Its outlook for the FY remains unchanged.

CEO Richard Tyson said:

"In March we set out our strategic plan aimed at re-building performance to deliver sustainable, profitable growth.

"In the context of 2015 being a year of transition, the first half results are encouraging with trading in line with our expectations and a good performance in terms of cash conversion. The Operational Improvement Plan is also progressing well.

"We have strong positions in attractive growth markets, loyal customers who respect and value what we do, and strong, technically robust products that perform well in demanding environments.

"Current market conditions remain challenging, especially in Europe but, with our order book remaining solid and encouraging early progress on our strategic plan, our outlook for the full year is unchanged."






Story provided by StockMarketWire.com