Rising export sales have helped engineering group Chamberlin to report a 14 per cent rise in annual revenues.
Walsall-based foundry group Chamberlin saw sales increase to £45.5 million in the 12 months to March 31, compared to £39.8 million the year before.
The improvement in fortunes saw profitability increase, as underlying pre-tax profits more than doubled to £1.7 million across the year.
Chairman Keith Butler-Wheelhouse said: “The board has concentrated in recent years on the modernisation of the group’s businesses and tightened their focus on the technically demanding areas of the markets we serve under the theme ‘difficult things done well’.
“This approach has delivered a strong foundation on which to build and our strategy for the future will focus on growing both top and bottom line by offering top class technology which is valued by our customers. We anticipate that growth will be achieved both organically and by acquisition and we will continue to explore opportunities which would be a logical extension to the group.
“I believe Chamberlin is well placed to achieve further improvement in results and look forward to leading the Board and supporting the executive team to deliver sustained profitable growth in the years to come.”
The rise in sales came as the firm managed to reduce next debt by 46 per cent to £1.6 million, compared to £2.9 million in 2011.