XP Power (XPP) cracking trading update from a superb business
Trading was in line with the Board’s expectations during the first half with revenues for the six months ended 30 June 2013 up 5% on the prior period or 4% stripping out currency impact.
Orders for the first half of 2013 were flat versus the first half of 2012 but increased by 7% over the second half of 2012.
It was pleasing to note that the new factory in Vietnam is now supplying approximately…
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