LONDON – Printed circuit board distributor Holders Technology swung to a profit of £490,000 for the fiscal year ended November 30.

For the year, revenues grew 26% over 2009 to £16.3 million. Last year, Holders reported a net loss of £408,000.

The company, which distributes equipment and materials for the PCB fabrication industry in Europe, said strong growth in Germany offset a flat year in the UK.