Surveillance technology company Quadnetics has seen a dramatic jump in like-for-like sales in the first quarter of 2012, as it cashed in on demand from the gaming and oil and gas sectors.
LFL sales gained 15% between January and March compared to the same period of 2011, while margins have also improved.
Sales of surveillance systems for the US gaming industry and for major oil and gas developments in Australia, the Middle East and Far East have shown particular strength.
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Today's statement, ahead of the annual general meeting, reveals the defence market remains weak but a focus on big projects in the UK has borne fruit. Quadnetics has recently won the contract for the upgrade and maintenance of Magnox nuclear facilities across Britain.
The company says it expects to deliver results "in line with market expectations".
The stock had gained 6.2% by 11:07 and is now 26.4% up since the beginning of 2012.
BS
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