The results posted by this streamlined ceramics manufacturer were significantly improved for the half year to 30 June. Turnover rose to £3.65m (£3.01m), leading to an impressive increase in operating profits from £20,000 to £358,000. At the pre-tax line, profits edged up to £323,000 (£321,000). Following three disposals in May 1999, the sole trading activity of the group comprises VZS Seagoe Advanced Ceramics at Glenrothes and a sister manufacturing facility at Craigavon. A recovery in the semi-conductor market lead to improved profits at Craigavon. The Glenrothes operation was affected by margin pressure in its European markets, although expansion of the production facility has been carried out. The strategy of the board is to concentrate on trading where 'the outlook is satisfactory'. Chairman Alastair Ritchie commented that 'it would be inappropriate to return to dividend payments at this particular time'.