Engineering group Unidare said today it is hopeful half-year figures will match last year's, given early signs of a recovery in several business units.
In November the company warned the re-location of one of its business may hit profits.
But at its AGM today the company said: "We are seeing tentative improvement in ORS Nasco and Eland, and Daalderop's underlying business remains steady".
It said "sizeable reductions" in various costs could offset the one-off costs incurred as a result of moving the Daalderop's business in the Netherlands.
The company added that net debt is now declining due to "strong" cash flow along with efforts to cut its working capital.
