Structural Monitoring Systems (ASX:SMN) reported Friday fiscal third-quarter net profit after tax of AU$1.2 million, down from AU$1.5 million a year earlier.
Avionics revenue for the three months ended March 31 increased to AU$5.7 million from AU$5.4 million in the prior year, while contract manufacturing revenue declined to AU$2.2 million from AU$2.5 million over the same period.
The company's shares rose around 7% in recent Friday trade.
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