Ruggedised plug-in cards and systems developer Concurrent Technologies (LON: CNC) is benefiting from recent capital investment and product development and profit growth is starting to accelerate.
Interim revenues were 38% ahead at £16.8m, while pre-tax profit jumped from £1m to £2.3m. There was a cash outflow in the first half because of a £4.5m purchase of end of life components. The business remains underlyingly cash generative, though.
Eight major design-in contracts have been won by Concurrent Technologies during the first half. The largest was worth $4.5m.
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