The turnaround is on at ELEKTRON

Cris g aint good at mathematics.

Operating profits exclude eceptional item of 400k for transfer of assembly, write that back and operating profits then of well over £1 million plus negative goodwill. The kids will have to go back to school soon cris g going as well.

Elektron PLC ("Elektron"), the AIM quoted components manufacturer announces
results for the half-year ended 31st July 2004.

Key Points:


* Turnover increased to #13 million (2003: #5.7 million)

* Operating profits on continuing operations before goodwill release of
#972,000 (2003: #214,000)

* Operating profits include exceptional costs of #400,000 for the closure
of assembly operations at Bulgin which are being transferred to Tunisia

* Profit before taxation of #1,851,000 (2003: #201,000)

* Earnings per share before goodwill release and exceptional items of 1.23p
(2003: 0.42p)

* Net borrowings reduced to #385,000 from #1,651,000 at 31 January 2004
giving a net gearing on net tangible assets of 8%