Roof window company Velux is encouraged about the prospects for its sales and marketing arm in Glenrothes this year.
The company delivered turnover and pre-tax profits rises of around 30% at its Woodside Way site which now has a workforce of more than 200.
The sales and marketing arm survived unscathed from a painful reorganisation within the Velux empire earlier this year.
The sister Fife Joinery operation in Glenrothes was closed with the loss of 180 jobs.
It manufactured Velux windows for its near neighbour and other sales sites to put on the market.
The Danish-owned organisation decided the Eastfield Industrial Estate plant had to shut because of the high cost of transporting components to mainland Europe.
Managing director Keith Riddle said Velux Co Ltd achieved a highly satisfactory result for the year to December 2014 which saw the launch of a new product line.
Turnover rose to £135 million and pre-tax profit stood at £3.5m, in both cases increases of about 30%.
Reviewing the period, he said: “There were encouraging signs of a sustained recovery in Great Britain both in building activity and in growing customer confidence as the year progressed, and Ireland also showed good growth.”
He added: “Looking ahead the prospects for 2015 are encouraging with the economic recovery looking more certain.”
The Glenrothes sales and marketing division was expected to continue to generate positive cash flows on its own account going forward.
The directors had a reasonable expectation that it will be able to continue for the foreseeable future.
Velux had a workforce of 175 at its Glenrothes sales and marketing operation in December last year, and Mr Riddle said at the time of Fife Joinery’s closure in March that the sales and marketing team would be expanded.
He predicted about 30 jobs would be added, but yesterday he said that about 60 more people had been recruited as a result of the extra business attracted.
The 2014 accounts of Fife Joinery have also been issued. Turnover was down 9.6% at £27.6m but a £3.5m fall in raw materials and consumables contributed to an operating profit of £1.6m and a pre-tax profit of £1.3m, in both cases considerable increases from 2013.
The accompanying report said a comprehensive review of all Velux production activities throughout Europe had resulted in a structural change in manufacturing and logistics systems at a number of production companies.
The decision was taken to close Fife Joinery and Manufacturing during 2015 and transfer production to other Velux production companies in Europe.
The warehouse and distribution operations were relocated to a new location in England.
Velux A/S, the Danish parent company, pledged to cover all costs and losses related to the closure and would continue to make sufficient funds available to meet liabilities.
The group has operations in more than 35 countries and 10,000 employees worldwide.