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Electrocomponents lifts its target

13 April 2012

ELECTROCOMPONENTS effectively upgraded its pre-tax profit forecast by around 10% to £106m for the year to 31 March.

It said like-for-like monthly sales are ahead of last year. Shares of the firm, which distributes electrical parts to the telecoms and manufacturing sectors, rose 8 3/4p to 336p.

Sales growth had been strong in the US due to higher demand in its sectors.

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