Laird Cuming to the Summit with profits and acquisitions
Laird, the FTSE 250 provider of electronic components - notably to Apple Corp - has announced a big rise in profits and a series of acquisitions worth over 30 million pounds.
Laird, the FTSE 250 provider of electronic components - notably to Apple Corp - has announced a big rise in profits and a series of acquisitions worth over 30 million pounds.
The group, which manufactures components used in smartphones and tablet computers has seen underlying profits before tax rise to £52.7m, a gain of 31% over 2010.
Revenues were up 19% to £491.3m while underlying earnings per share hit 16.5p, a gain of 40% on the prior year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The two acquisitions announced today are Emerson & Cuming Microwave Products for £18.8m and Summit Data Communications for £13.8m; with a potential earn-out of $8m payable in 2014.
Laird's Chief Executive, Nigel Keen said Emerson & Cuming would provide a broader range of specialist products while Summit would help to "develop products that allow wireless systems to function in difficult radio frequency environments like factories and hospitals."
Laird shares have had a storming three months, up 16% since the beginning of December. The company says it is benefiting from the intense demand for tablets and smartphones.
Laird shares had gained 0.5% by 8.02
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
HMRC explains how Winter Fuel Payment will be clawed back from certain pensioners
Millions more pensioners will get Winter Fuel Payments this year after a government U-turn, but those with income of more than £35,000 won’t get to keep the money
-
UK savers stuff £2 billion extra away ahead of rumoured cash ISA reform
Rachel Reeves was widely expected to reduce the cash ISA limit at her Mansion House speech this month, prompting Brits to boost their tax-free savings