In the first quarter of 2006/2007, the components distributor Premier Farnell achieved a turnover of 225.4 m GBP (approximately 423.4 m US$). The profit before taxes was 16.3 m GBP (approximately 30.6 m US$). In comparison with the corresponding three-month period of the previous year there was an increase in turnover of 14.8% and a rise in profits of 32.5%.