Norman Hay, the Coventry maker of coatings and finishings for metal surfaces, has posted a rise in full year profits helped by a strong performance at its Ultraseal unit.
The group increased pretax profits from £870,000 to £1 million in the year to December 31.
The performance came on the back of a jump in sales from £ 16 . 4 million to £17.6 million. But 2005 had started more slowly, it added.
It said it would continue to identify acquisitions to bolster its UK operations in order to overcome the downturn in the manufacturing sector.
The group paid a total dividend of 2.4 pence, compared to 2.2 last time.
" The manufacture and installation of traditional process plant had a difficult year, continuing the trend of the first six months, in a depressed UK market for this type of capital equipment," the company said.
However, Ultraseal performed well as did the Surface Technology and Armourcote processing centres.
The company said its Coventry engineering centre finished the year with a strong order book for Impregnation Plant and Equipment.
During the year it augmented this facility by having impregnation plants for customers in the Far East manufactured under licence in China.