WARE testing firm Anite yesterday announced its first half pre tax profits soared 160 per cent to £6.5m.
Its revenue jumped 20 per cent to £42.3m. It also hiked its interim dividend five per cent to 0.315p per share.
It was buoyed by a market-led recovery in both its handsets and networks divisions but saw its travel arm profits dip.
Chief executive Christopher Humphrey said: “Anite performed well in the first half of this financial year compared to a weak first half last year.
“Strong recovery in both handsets and networks produced a result substantially ahead of last year with group revenues and profits exceeding the Board’s prior expectations.
“We believe that Anite is better positioned to take advantage of the new 4G market than for previous technologies, and that the 4G cycle is also likely to be deep and long lasting.”