Quarterly revenue was down 5% to $37.1m – compared to a 12% decline in the previous quarter – while operating income grew 30% to $3m and net income shot up 81% to $2.9m.

For the six months to December, revenue was down 9% to $70.1m, and operating income was $4.8m compared to a $2m loss the prior year. Profits were $4.6m.

CEO Al Angrisani (pictured) said the profitability improvements positioned the firm to pay off all remaining bank debt by the year end.

He added: “As our turnaround continues, the major task that remains is to continue to strengthen the sales engine of the company by focusing our sales efforts on our core product strengths as well as some of our new product offerings.”