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Network Technology posts a first half pre-tax profit of 9000 compared with a loss of 81,000 last time.
Operating costs for the six months to the end of September have increased due to a much larger sales department in UK and increased manufacturing and sales departments in US with a current total employee count of 47 (compared to an average of 38 in 2008) as well as the development of new products in the LED lighting space.
The increase in sales during the period resulted in an operating profit of 10,000 (2008: loss of 77,000).
The firm had cash and cash equivalents of 211,000 - up from 50,000 in 2008.
Story provided by Business Financial Newswire
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