Premier Farnell third quarter profit drops

Electronics components supplier Premier Farnell said profit in the third quarter fell amid challenging market conditions as it executes cost cuts in the final quarter which are expected to produce annual savings of 4m pounds.

Electronics components supplier Premier Farnell said profit in the third quarter fell amid challenging market conditions as it executes cost cuts in the final quarter which are expected to produce annual savings of 4m pounds.

Pre-tax profit for three months ended October 28th fell to £17.3m compared with £19.4m the same time a year ago. Revenue for the period slipped to £233.5m from £241.8m before

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