Half Year Results 

Electrocomponents hit by British Steel liquidation

Electrocomponents hit by British Steel liquidation

Electrocomponents (ECM) pre-tax profits were hit by a £10.4m write-down of assets in connection with British Steel, which went into liquidation in May. This included £7.2m for outstanding receivables relating to transactions with the steel manufacturer before its closure, and £3.2m against inventory recovered from the company. Electrocomponents' shares lost over a tenth of their value following the release of these half-year results.

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