08:40 AM EDT, 10/09/2024 (MT Newswires) -- Firan Technology Group ( FTGFF ) on Wednesday reported a higher adjusted profit and sales for its fiscal third quarter.

The company said adjusted profit rose to $2.8 million, or $0.11 per adjusted diluted share, from $1.4 million, or $0.06 per adjusted diluted share, last year.

Sales for the quarter ended Aug. 30 jumped 18% to $43.1 million. The revenue increase was driven by organic growth, including an increase in Simulator products sales of $1.2 million, and favorable foreign exchange rates.

Firan ( FTGFF ) is an aerospace and defense electronics product and subsystem supplier to customers around the globe.