A steel processing business based in Crosskeys has reported a further boost in its profits since relocating from Cardiff.
According to accounts filed at Companies House, Capital Coated Steel reported an operating profit of £968,000 for its year ending in March.
This compared to an operating profit of £681,000 for the previous year.
Turnover also rose from £33.5m to £40.5m.
The business, one of the largest steel processors in Europe, is based on the North Blackvein Industrial Estate at a former Tata Steel site.
The company moved to its present 130,000 sq ft home in 2015 in a £3.5m move to consolidate its operations from Cardiff and Pontypool.
A statement accompanying the results said: “The results for the year show continued improvement following the sale of the Cardiff site and move to the new Cross Keys site during the year ended 31 March 2016.
“The profit has been achieved against a background of market uncertainty and the group continues to exercise a tight control of its costs.
“The group continues with the measures referred to in prior years, namely the development of new markets, the introduction of new product lines and the ongoing cost review process.”
Established in 1972 by John Hunt, Capital Coated Steel is a family-run business and is the largest independent specialist distributor of pre-coated steel in Europe. The company processes over 70,000 tonnes of steel annually, used in everything from cladding to consumer electronics.