XP Power posts decline for first half

XP Power, which makes power control components for the electronics industry, has reported, as expected, a decline in first half revenues, the result of a weakened order book.

XP Power, which makes power control components for the electronics industry, has reported, as expected, a decline in first half revenues, the result of a weakened order book.

Profit after tax for the year came in at £9.6m (2011: £11.9m) on revenues of £46.5m (2011: £51.9m), pushing the gross margin from £25.7m to £21.8m. This was due to weaker order intake in the latter part of 2011 as industrial electronics demand softened in response to a weaker macroeconomic outlook.

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