APC Technology Group PLC's component orders soar


(MENAFN- ProactiveInvestors - UK) APC Technology PLC's (LON:APC) components division has recorded one of its best half year's ever despite a weak market backdrop.

Advanced Power Components's bookings were 7.2mln up 28% on last year while February's 1.8mln was the best ever recorded in a single month.

'Highlights include significant new orders for embedded computer boards with existing customers together with a substantial follow-on order from a UK customer for a major export contract' it said.

This represents a continuation of the strong first quarter APC added.

The company has two divisions components distribution and environmental services at the Minimise Group.

APC has also appointed Art Russell as chief financial officer. His last appointment was as CFO of a 250m turnover international business that was eventually sold to a FTSE 100 plc.

Richard Hodgson chief executive said: "It is very reassuring to see the continuing recovery in the component distribution order book and the future cash flow stability that brings to the group.

'This follows on from a difficult 2015 in terms of bookings and shows the potential we have in that business with the products and customers we service. '


ProactiveInvestors - UK

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