Romag Holdings: Pv Glass Powers 1Q Sales

Romag Holdings plc, which makes specialist blast-proof and photovoltaic glass, posted a 37% jump in pre-tax profits to £586,000 to 31 March 2006 on a rise in sales and margins. "The results for the first half underline our decision to concentrate on the higher margin markets of security and photovoltaics," said chairman John Kennair. "Increasing government commitment for micro-gneration including photovoltaics both int he UK and in Europe will have a postive affect on our busines moving forward." Sales rose 5% to £7.5m (£7.1) and operating margins increased by around 10% as a result of an improved product mix and efficiency gains as production volumes of its PowerGlaz photovoltaic glass rise.