Skil Ports & Logistics has swung to a minor H1 pretax profit of £6000, from a year-ago loss of £99,000. Revenue was nil.
"Work continues with a view to our (port and logistics facility in Mumbai) project being fully operational by the end of Q3 2017," the company said.
"Many of the risks that hindered this project are now behind us and the coming year promises to be one of further strong progress for SPL."
At 9:47am: (LON:SPL) SKIL Ports Logistics Ltd share price was +3p at 12.75p