Electronics components maker Densitron International Plc attributes its 32% drop in pre-tax profits to continued recession in Europe and in particular the deepening recession in Japan. Currency fluctuations there have meant very high price rises for products sourced from there, says the Biggin Hill, Kent-based company. Densitron deals in cellular, liquid crystal diode and personal computer components and began shipping personal computers in Japan last year. Nonetheless the company says that it expects year-end result to be satisfactory pending relatively large orders which are expected to be delivered in the last quarter. To bolster confidence it recommended an interim dividend of 0.5 pence, which is 0.1 pence better than last year.
