KALMAR Industries, a Swedish supplier of fork-lift trucks and container handling reachstackers, has reported a 58 per cent increase in profit for the first six months, to 106 million kronor (about HK$121.3 million) from 67 million kronor a year ago. Analysts said the result showed its increasing financial strength since flotation last year. Orders received during the first half rose to more than 1.11 billion kronor, up 30 per cent over the same period last year, while sales climbed 24 per cent to more than one billion kronor. The increased activity saw the order book gain 189 million kronor in value to stand at 677 million kronor by the end of June. The growth in the order backlog slowed down slightly, despite increasing sales, as measures to reduce delivery times took effect. These included raising the number of employees to 1,209, up 113 since a year earlier, and also greater stock levels held in store. The company's product range is sold in more than 120 countries through six wholly owned subsidiaries in Britain, Austria, France, Germany, United States and Singapore plus minority-held subsidiaries in the Netherlands, Spain and Hong Kong and a network of agency agreements.