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Communications and radio frequency specialist MTI Wireless Edge posted a rise in first-quarter profit underpinned by higher sales.
Pre-tax profit for the three months through March rose to $0.56m, up from $0.25m on-year.
Revenue rose 16% to $9.1m.
'We are very pleased with the first quarter's results, which showed double digit year-on-year growth in revenue and profits,' chairman Zvi Borovitz said.
'As previously announced, since the beginning of 2019 we have seen significant growth in the company's order book as we have won four new large contracts that amount to over $6m.'
'We continue to see many more opportunities in the pipeline across all segments of the business, and this alongside the long term trends of: demand for broadband; efficient water management solutions; and increased defence budgets, supports our business proposition and provides us with confidence in meeting our goals of increasing revenue, profits and free cash flow.'
At 9:46am: (LON:MWE) MTI Wireless Edge Ltd share price was +0.5p at 23p