TT Electronics plc (LON:TTG) said it expects a £3mln hit on this year’s profits due to the coronavirus outbreak.
The manufacturer of electronic components has three facilities in China and one in Hong Kong, accounting for 25% of its total revenues.
Production was closed from the lunar holiday to 10 February, as directed by the Chinese authorities, while now the plants are operating at nearly full capacity.
The company added that nearly all of its 900 supplies across China have restarted operations as well.
In the year to 31 December, revenue rose 11% to £478mln for profit before tax up 15% to £36mln. The dividend was raised by 7% to 7p.
Shares rose 2% to 195p on Wednesday morning.