Birmingham-based computer aided design firm Delcam has notched up its best ever first half sales and profits - partly as a result of expansion in the US.
The Small Heath business yesterday said sales for the six months to June 30 came in at £11.8 million, up 11 per cent on the previous best of £10.6 million achieved in the first period of last year.
Pre-tax interim profit was £800,000, an increase of 21 per cent compared with the £660,000 achieved in the first half of 2004.
The interim dividend payment is up ten per cent at 1.1p a share.
Delcam said that the increase in both sales and profits came partly from the addition of Engineering Geometry Solutions - now renamed Delcam USA - to the Delcam group, but mainly through increased sales of Delcam's Power Solution range of software.
Chairman Tom Kinsey told shareholders: "In March we were very pleased to welcome the staff of Engineering Geometry Systems from Salt Lake City to Delcam.
" The company, now renamed Delcam USA, is the developer of the FeatureCAM range of CADCAM (computer aided design-computer aided manufacturing) software.
"This has expanded the variety of software available from our company and so made us better able to meet the needs of a wider range of customers.
"It will also give Delcam a much stronger presence in the large North American market.
"The FeatureCAM software has little overlap with our established Power Solution range and will continue to be developed in Salt Lake City.
"While there will be some opportunities to improve both sets of products by sharing technology, the more significant benefits to future profitability will come through being able to expand Feature-CAM's international presence by offering the software through a number of Delcam's established resellers."
Mr Kinsey added that in 2005 Delcam had also seen an increase in the volume of its business with original equipment manufacturers (OEMs).
"New contracts have been signed that enable our engraving, routing and inspection software programs to be supplied by manufacturers of related equipment.
"These contracts typically involve much larger volumes of software than we would supply in our normal relationships," he said.
Turning to the outlook, he also said: "The first half of the year saw improved sales in most of our overseas markets.
"North and South America, and the Asian countries continued to do well.
" European sales grew despite the ongoing movement of manufacturing to countries in Eastern Europe and Asia.
"Our business in the aerospace sector continues to show potential."