HIGH-tech company Oxford Instruments, which has seen 80 job losses at its Oxfordshire headquarters during the past year, says it is seeing signs of recovery.
The company, whose tools are used to detect lead levels in paint and to develop brake discs for Formula One cars, has its global HQ at Tubney Woods, near Abingdon.
Chief executive Jonathan Flint said: "The research market has remained robust, and we are beginning to see some signs of improvement in our industrial markets."
Unadjusted profit for the six months to September rose to £5.7m from £1.3m in the same period a year ago. The figures are inflated by accounting methods, but even when adjusted, profits still rose from £2.6m to £2.8m.
Revenue for the first half was £92.8m, the same as last year.
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