BRITISH electronics designer and manufacturer Discoverie is hoping the size - and cost - of its products will be key to weathering the UK's economic storm.

The London-listed company has seen its underlying operating profit rise more than a third to £25.6m in the past six months, while pre-tax profit boomed over 130 per cent to £14.8m, according to the group's interims yesterday.

Raging inflation has eaten into the profits of most companies operating in the tech industry, as consumers stow cash into savings.

However, industry-facing Discoverie banked a record order book of £275m in the second half this year.

Group chief executive Nick Jefferies said the company was "well positioned in a changing world".

"Our products are essential in customers' applications and amount to a small proportion of their spend, providing us with revenue visibility and stable margins," he added.

The performance caught the eyes of investors, with shares up over four per cent yesterday afternoon.

(c) 2022 City A.M., source Newspaper