Checkit (CKT)

Sector:

IT Services

Index:

FTSE AIM All-Share

21.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 30.50
  • 52 Week Low: 18.50
  • Currency: UK Pounds
  • Shares Issued: 108.01m
  • Volume: 98,421
  • Market Cap: £22.68m
  • RiskGrade: 207

Elektron Technology profits leap after 'exceptional' year

By Duncan Ferris

Date: Wednesday 12 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Elektron Technology on Wednesday reported a leap in annual profits after a double-digit revenue increase in its unaudited preliminary results following growth at all three of its businesses.
The electronic connector manufacturer's profit before tax came in at £4.6m for the year ending 31 January, jumping by 70% compared to the year before, as revenue climbed by 13% to £33.7m.

Bulgin revenues climbed by 10% to £30.1m after achieving record order levels, while Checkit sales rose by 100% to £1.0m and Elektron Eye Technology's increased by 30% to £2.6m.

John Wilson, chief executive of Elektron, said: "The group's trading performance in FY19 was exceptional and we have made strong operational and financial progress during the year. Bulgin delivered record profitability, Checkit sales accelerated to plan and EET returned to profitability. We have worked hard to establish the foundation for continued growth in current and future years and hence look to the future with optimism."

Meanwhile, the AIM traded company said the recent acquisition of Next Control Systems for £8.8m will significantly enhance the market opportunity for its Checkit business by adding new capabilities and services.

Elektron said facets such as the acquisition and the expansion of its sales scope provide a strong platform to continue growth through the current financial year and beyond, allowing the board to retain a positive outlook for 2020 and on the company's medium-to-long-term prospects.

Elektron Technology's shares were up 1.61% at 44.71p at 1254 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Checkit Market Data

Currency UK Pounds
Share Price 21.00p
Change Today -0.50p
% Change -2.33 %
52 Week High 30.50
52 Week Low 18.50
Volume 98,421
Shares Issued 108.01m
Market Cap £22.68m
RiskGrade 207

Checkit Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.61% below the market average6.61% below the market average6.61% below the market average6.61% below the market average6.61% below the market average
3.53% above the sector average3.53% above the sector average3.53% above the sector average3.53% above the sector average3.53% above the sector average
Price Trend
63.09% below the market average63.09% below the market average63.09% below the market average63.09% below the market average63.09% below the market average
55.32% below the sector average55.32% below the sector average55.32% below the sector average55.32% below the sector average55.32% below the sector average
Income Not Available
Growth
21.19% below the market average21.19% below the market average21.19% below the market average21.19% below the market average21.19% below the market average
11.36% below the sector average11.36% below the sector average11.36% below the sector average11.36% below the sector average11.36% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Checkit Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:58 2,412 @ 20.42p
15:51 20,000 @ 21.60p
15:29 20,000 @ 21.00p
10:44 50,000 @ 21.44p
10:32 9 @ 22.00p

Checkit Key Personnel

CEO Kit Kyte
CFO Greg Price

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