The biggest contribution came from its 58 per cent US subsidiary GTI, with operating profits of pounds 12.9m. GTI, a specialist in communications products for networks, faced a price war in the last quarter, but the company said a new plant in the Philippines would cut costs.
Zetex, the group's UK subsidiary making specialist semiconductors, saw little change in profits. It acquired a factory in eastern Germany in July to meet strong demand. Trend, making telecommunications testing equipment, had lower sales because of its withdrawal from defence-related activities, but operating profits rose 18 per cent.
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