- Air-conditioning and portable heating group Andrew Sykes posts normalised operating profits of £13.9m for the year to the end of December - up from £12.9m last time.

Revenues from continuing operations rose to £55.9m from £54,.4m with normalised earnings before interest, tax, depreciation and amortisation up at £17.7m from £17.4m.

After-tax profits fell to £10.6m from £11.6m and basic earnings per share dropped to 24.19p from 26.30p.

The group says while it continues to face challenges in all of its geographical markets, its business is strong, cash generative and well developed with positive net funds and the board is optimistic for further success in 2011.

At 9:45am: [LON:ASY] Andrews Sykes Group share price was +9.5p at 211.5p

Story provided by