INFLATABLE dinghy to parachute manufacturers Wardle Storeys saw sales edge up but profits unchanged in the first half of its financial year.

The group, which employs more than 350 at its plants at Blackburn and Earby, increased turnover to £54.1 million and profits steady at £4.8 million.

Chairman Clive Tague said the results were in line with expectations. He looked forward to a strong second half performance.

The technical products division, which manufactures fabrics and trims for the car industry and includes the two East Lancashire sites, saw operating profits increase by 24 per cent, despite lower turnover.

New designs had been produced for manufacturers including Fiat, Rover, and Jaguar.

Shareholders will receive an interim dividend of 6.5p per share, an increase of more than 8pc.

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