Holders warns on profits

Uncertainty in the European printed circuit board (PCB) market helped push Holders Technology into the red at the interim stage, prompting the group to issue a profits warning.

Uncertainty in the European printed circuit board (PCB) market helped push Holders Technology into the red at the interim stage, prompting the group to issue a profits warning.

The international distributor of materials, equipment, parts and services to the electronics industry made a pre-tax loss of £0.1m in the half year ended May 31st, versus an interim profit of £10.1m the year before on revenues of £8.0m compared to £10.1m last year. Losses per share were 1.98p against earnings of 5.58p the previous year. The interim dividend per share was reduced to 1p from 2.10p the previous year. Net assets per share declined from 155p to 147p.

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