Published: 08:30, 21 September 2017
| Updated: 09:29, 21 September 2017
Electronic components firm APC Technology is expected to reveal its first pre-tax profit in three years when it reveals its annual results.
The distributor – which serves the UK defence, aerospace and oil and gas sectors – said it experts to report a surplus of about £200,000 before tax for the year to the end of August.
This is in spite of a 13% fall in revenues to £15.6 million.
It completes a three-year turnaround since overstretching itself on an unprofitable contract to install LED lighting at a range of Morrisons supermarkets.
Founded 34 years ago, the company is a marketing, sales and distributor for component manufacturers around the world.
The company, which is listed on the junior AIM market of the London Stock Exchange, has it headquarters at Rochester Airport Estate.
APC chief executive Richard Hodgson said: “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.”
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