Learn more

By Chris Dorrell Volex managed to navigate a sluggish demand environment over the past year, reporting that revenue and profit had climbed significantly. In a trading update covering the year to March, the manufacturer of critical power and data transmission products reported that revenue rose by over a quarter (26 per cent) to $913m (£720m). The firm said this was driven by “strong organic growth” despite “temporary headwinds” caused by destocking. Volex’s statutory pretax profit rose 13 per cent on the prior year to $51.6m (£41m). It proposed a final dividend of 2.8p, bringing the total divi…

cuu