05:10 PM EDT, 07/10/2024 (MT Newswires) -- Firan Technology Group ( FTGFF ) on Wednesday said its fiscal second-quarter adjusted profit rose 13% on higher sales.

The company posted an adjusted profit, excluding most one-time items, of $2.55 million, or $0.11 per share, in the quarter ended May 31, up from $2.26 million, or $0.10, in the year prior quarter.

Revenue rose 14% to $38.8 million from $33.96 million.

"During Q2 2024, the Corporation has continued to invest in technology in existing sites, grow the business organically, and integrate the two acquisitions completed last year. FTG is strategically deploying its capital in ways that will drive increased shareholder returns for the future in both the near term and long term," the company said.

Firan ( FTGFF ) shares closed down $0.04 to $5.92 on the Toronto Stock Exchange.