Revenues down by one-tenth at XP Power

Weak order intake at the end of 2011 for XP Power, which makes power control components for the electronics industry, led to a dip in the top line in the first half of 2012.

Weak order intake at the end of 2011 for XP Power, which makes power control components for the electronics industry, led to a dip in the top line in the first half of 2012.

The group has flagged a 10% decline in revenues for the six months to the end of June but said orders have now picked up. "We currently anticipate that second-half revenues and earnings will be modestly improved from the second half of 2011 and substantially higher than those achieved in the first half of the current year."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

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.