Half-time profits have soared nearly 70 per cent for CRC, the specialist technology repair services group which lists TV cable firms Telewest and NTL among its customers.
The firm, which employs some 350 people in Nottingham, yesterday said that pre-tax profits for the six months to June rose 67 per cent, from £1.5 million to £2.5 million, while sales climbed 14 per cent to £38 million.
Earnings per share rose 46 per cent, from 5.35p to 7.82p. The interim dividend is maintained at 2.5p per share.
Chairman David Rynan told shareholders: "These results reflect our major business gains last year, notably with Vodafone and NTL in the UK, Nokia and Sony Ericsson in Poland, and Fujitsu Siemens in Germany.
" Our sophisticated facilities, well-trained staff utilising proven workflow management systems and extensive repair databases have enabled us to fulfill these important contracts to our customers' satisfaction.
"In the first half of 2005 we gained additional contracts with established customers worth an annualised £5 million.
"These included extensions of our relationships with Siemens Business Services at Paderborn, Germany and with Apple at Huntingdon and Glenrothes."
Chief executive Alan McLaughlin said the company expected to make further progress in the second half of the year.
"We operate in dynamic markets where increasing corporate focus, technological change and growing pressure from environmental legislation all favour the outsourcing of repair and service functions to specialist providers such as CRC," he added.
NTL and Telewest have cable operations across the West Midlands.
