Record profits at Electrocomponents

Record profits at Electrocomponents

Roy Cotterill, chairman of Electrocomponents, bought 2,000 shares in the electronics distribution group at 609p yesterday after announcing an 18 per cent rise in profits to a record pounds 86.1m for the year to March. Earnings per share advanced 20 per cent to 27.4p, out of which a final dividend of 8p is being paid, raising the total for last year from 9.5p to 11.25p. Investment Column, page 26