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Software broadcaster Nasstar said it is currently experiencing strong sales growth as it posted a surge in turnover for the six months to March.

"The group is currently experiencing strong sales growth and expects to become cash-flow positive on a monthly basis during the second half of the period ending September 2007," said the group.

Turnover for the six months increased 120% to £490,000 from £222,000 last time with pre-tax losses for the period narrowing slightly to £251,000 compared with £283,000 previously.

Shares in Axis Intermodal were in demand today after the transport equipment contract hire group reported underlying pre-tax profit rose 19%.

Profit before tax, amortisation and share based payment rose to £601,000 from £505,000 previously, while turnover increased by 76.4% to £9.1m.

"We enter 2007 with tremendous opportunities and with the services and products which we believe constitute a very attractive offering to customers both in continental Europe and the UK," said chairman Robert Montague.

The group has proposed a total maiden dividend of 0.30p.

Medical devices manufacturer Surgical Innovations saw profits nearly double but revealed that Aesculap decided no to renew its OEM scissors contract.

"I have to report that Aesculap has decided not to renew its OEM scissors contract with us, such a situation is always a possibility with this type of business and plans are in hand to mitigate the effects," said non-executive chairman Doug Liversidge.

Pre-tax profits jumped to £696,000 compared with £352,000 in the same period last year, on revenue that increased 11% to £4.46m.

Australian mobile phone group e-pay Asia said net operating cash flow grew 266% on a year-on-year basis from A$1.46m for the first quarter of 2006 to A$5.36 in 2007.

The group said the strong cash flow was due to performance in its core Malaysian market and added that it was confident of achieving current market expectations for the full year.

Data storage software Corpora said the second half of the year was a crucial phase in its strategy as it achieved EBITDA profitability.

EBITDA loss for the period was £5.5m versus £2.6m last time, though in the second half there was an EBITDA profit of £100,000. Revenues came in at £6.5m against £5.8m previously. On a pro forma basis, group revenues for the period were £8.7m.

Shares in AdEPT surged ahead after the telecommunications services provider said it expects total revenues and EBITDA to be ahead of expectations, while pre-tax profits is also seen to be well ahead.