(Sharecast News) - Niche electronics maker DiscoverIE Group reported a 70% rise in annual profits, driven by a strong order book.
The company on Wednesday said pre-tax profit for the year to March 31 came in at £29.1m. Revenue was up 18% to £449m.
It added that the current financial year had started well with continued organic sales growth and its order book remained at a higher-than-expected level, in line with last year, "providing good visibility of demand".
Reporting by Frank Prenesti for Sharecast.com
DiscoverIE (DSCV)