AGA Rangemaster's annual revenues rose 2.4 per cent to 250.4m pounds as the oven maker reaped the rewards of an upswing in the housing sector.
The company, which manufactures a range of kitchen appliances, reported a 26.2% rise in operating profits to £8.2m in the year through December 2013.
AGA cooker sales volumes grew 10% with electric cooker models representing 70% of sales.
"The tide turning in the housing market proved pivotal and we will benefit as the number of house moves increase," said Chief Executive William McGrath. "As revenues start to grow, with capacity available and with new products and a widened targeted customer base, we are confident of good progress in the year."
Pre-tax profit fell to £1.1m from £1.7m the previous year, as net finance costs jumped to £1.4bm from £0.2m reflecting the higher borrowing costs of the three-year bank facilities put in place at the end of 2012.
The company had net cash of £5.9m at the end of the period, up from £5.5 the prior year.
AGA decided against paying a dividend for another year.
"Our task now is to ensure that we seize the opportunities of the improving markets, our available production capacity and exciting product innovations," Chairman John Coleman said.
Sula Iron & Gold widened its annual pre-tax loss to £2m from £0.6m, reflecting an increase in administrative and exploration costs mainly in Sierra Leone.
The company was yet to make a revenue as it hadn't reached production. However, the group said it made "significant progress" on exploration programmes at its flagship Ferensola Iron and Gold Project, located in the mineral rich Sula-Kangari Greenstone Belt in Sierra Leone.
"In order to maximise the value of Ferensola, Sula continues to implement a dual exploration programme, and the company has fulfilled a number of key objectives during the period," said Chief Executive Nick Warrell.
"For example, a scout drilling programme, targeting iron mineralisation proven to extend from African Minerals Limited's (`African Minerals') 12.8bn-tonne Tonkolili mine licence area, confirmed that our flagship Project hosts consistently high grade iron mineralisation, with best intersections of 14.59m at 55.54% iron and 73.18m at 43.66% iron."
Another initial gold exploration programme started in the fourth quarter of 2013 and was completed in February 2014.
The results of this programme are expected by March 31st and will enable Sula to identify drill targets, targeting hard rock gold mineralisation.
The group's cash position improved post-year end following the placing to raise £0.8m in October 2013 and the exercise of warrants in January and February 2014, which raised a further £0.6m.
The company today announced that it has raised a further £2.1m via a placing to fund its projects.