APC reports positive trading update
Reporting on the results to financial year end 31 August 2017, APC Technology Group’s Board of Directors announced that unaudited full year results are expected to show revenue of £15.6m, gross profit of £5.5 m and a profit before tax in the region of £0.2m. This will be the Group’s first profit before tax since the year ended August 2014.
These results reflect the commitment of the Board to deliver a profitable business and to concentrate on activities where the Group can create value and upon which APC can grow.
Commented Richard Hodgson, Chief Executive of APC
It is greatly satisfying that last year’s restructuring and realigning of the business has resulted in the first profit since 2014. The business is now focussed on its core strengths in the design, specification and distribution of high-value, high-growth electronic components, products and systems and faces the future with energy and confidence.