Electrical goods manufacturer Ebac has announced a profit increase of more than 150% in 2016, compared to 2015.
The Durham firm, which was founded more than 40 years ago by Brexit-backing North East engineer John Elliott MBE, is the only British company to produce washing machines, dehumidifiers & water coolers in the UK.
Recording a profit of £328k in the year ending 31st December 2016, Ebac enjoyed a 154% increase on its 2015 profit of £129k.
2016 saw the company’s turnover grow to £15.3m from £13.3m the previous year, with almost £5m in UK sales and exports accounting for more than £10m.
Mr Elliot commented: “After our return to profit in 2015 it is fantastic to be able to mark an increase in that profit in just one year.