Xp Power Share News (XPP)

XP Power, which manufacturers power controllers for electrical equipment, saw pre-tax profit slide to £3.6m from £6.4m before as sales slipped to £33.1m from £34.8m. But shares rose as the group said the launch of its second in-house manufacturing facility in China in the first half will play a "crucial role" in helping drive its revenue growth going forward."Looking ahead, we expect that the ongoing implementation of our strategy will continue to underpin our resilience whilst simultaneously positioning the Group to prosper in the eventual cyclical recovery," it added.FTSE TechMARK - RisersXP Power (XPP) 256.00p +14.93%Dialight (DIA) 175.00p +6.71%Anite Group (AIE) 28.50p +6.54%Oxford Instruments (OXIG) 165.50p +4.91%Wolfson Microelectronics (WLF) 132.00p +4.55%Microgen (MCGN) 70.50p +4.44%Sinclair Pharma (SPH) 26.00p +4.00%Renovo Group (RNVO) 26.75p +3.88%Phoenix IT Group (PNX) 225.00p +3.45%Psion (PON) 68.75p +3.38%FTSE TechMARK - FallersPuricore (PURI) 18.75p -9.64%Emblaze (BLZ) 31.75p -6.62%KCOM Group (KCOM) 27.00p -6.09%Phytopharm (PYM) 4.75p -5.94%Turbo Power Systems (TPS) 1.95p -4.88%Innovation Group (TIG) 10.25p -4.65%Biocompatibles International (BII) 172.00p -4.44%Xaar (XAR) 93.00p -4.37%Torotrak (TRK) 22.00p -4.35%Filtronic (FTC) 32.00p -3.03%