Orbital Corporation has posted a full-year profit of $364,000, up from a loss of $3 million the year before.
The result was achieved on revenue of $26.7 million, up 19 per cent.
Managing director and chief executive Terry Stinson said the Orbital team achieved significant revenue growth and delivered a full-year profit, while maintaining a strong focus on cost management.
"Orbital continues to deliver on its strategy to move into sales of high value systems, while maintaining our strong engineering core," he said.
"Our new systems businesses increased revenues and cost control helped to compensate for a drop in consulting services revenues and for the depressed LPG market in Australia."
The company gave a positive outlook for its system sales division, having won and fulfilled orders for two Small Unmanned Aerial Systems (drones) engines during the period.
Mr Stinson said the company's technology gave it a unique advantage to be a leader in the Small Unmanned Aerial Systems market.Orbital shares were off 2.5 cents, or 11.63 per cent, to 19 cents at 11.30am.