Bosses at Gooch and Housego have hailed “positive progress” during the first half of the financial year.
The Aim-listed firm, which makes photonic systems used in the aerospace and defence sectors as well as for scientific research, reported a statutory pre-tax profit of £3.3m in the six months to March - up from £1.2m for the same period a year earlier.
The company, which has its global headquarters in Somerset, confirmed revenue had risen by almost a third to £71.3m. In an earlier trading update in April the business said this had been driven by the effects of price increases to offset inflated input costs from its supply chain.
