A big US GPS order and demand for high-speed broadband connectors helped Spirent PLC’s (LON:SPT) profits rise by a third in 2018.
The roll-out of 5G will give demand a further boost in 2019 said Spirent, which specialises in internet networking equipment.
Orders and revenue from the ongoing businesses increased 6% year-on-year said Eric Hutchinson, who is set to retire as chief executive after 36 years at the firm once a successor is identified.
Profits rose by 31% to £61.2mln in 2018 on turnover of £470mln.
The dividend rises by 10% to 4.4p but last year’s specials was not repeated.
Shares rose 3% to 155p, close to their all-time high.