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Specialist engineering group Pressure Technologies swung to a modest first-half profit, as improving conditions in the oil and gas sector helped boost sales.
Pre-tax profit for the six months through March amounted to £0.1m, compared to a loss of £1.5m on-year.
Revenue jumped 59% to £14.5m.
Pressure Technologies did not declare an interim dividend.
'I am pleased with the progress we have made over the past six months in what has proved a very busy period, one that signals a return to profitability for the group,' chief executive Chris Walters said.
'The sale of our alternative energy division, which completed in June 2019, was a key milestone.'
'We now have a clear strategic focus and are making good progress with the management, operational and cultural changes that will help accelerate organic growth and performance improvements in target markets.'
'Our results for the first half of the year reflect the delivery of major defence contracts and improving conditions in the oil and gas sector.'
'We are pleased with the growth in our order book and the increasing diversity of our customers and products.'
'I have confidence in the outlook for the group as we approach the next phase of our strategy.'