Linlithgow-based Calnex Solutions has seen both revenue and profit jump by more than a third in a “strong” first half

The firm, which provides test and measurement products for the global telecommunications sector, has unveiled its unaudited results for the six months ending September 30, showing a 38 per cent year-on-year increase in revenue to £12.7 million, attributed to strong underlying growth and the impact of currency movements.

Underlying earnings before interest, taxes, depreciation, and amortisation (ebitda) was up by 40 per cent, with the Aim-quoted firm adding that the underlying ebitda margin was maintained in line with the prior period, “despite the challenging external economic environment”. Pre-tax profit jumped by 34 per cent to £3.1m, and basic earnings per share came in at 2.78p, marking a “solid” 36 per cent jump, while an interim dividend of 0.31p pence per share is to be paid next month.

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