Leslie Klein. (Photo supplied)

C-COM Satellite Systems Inc. saw its 17th consecutive quarterly profit and continued revenue growth in its second quarter, with foreign exchange effects playing a significant part in the company's profit growth.

The Ottawa-based maker of mobile satellite antennas said revenues grew by 16.9 per cent to $1.8 million, while profits jumped fivefold to $213,587, up from $39,957 a year earlier.

The company noted that the huge increase was "largely due to variations in foreign exchange effects in the comparable quarters."

However, C-COM chief executive Leslie Klein added that the company's growth was not solely because of currency effects, as the firm enjoyed healthy sales gains in various international markets.

"Our revenue increase and associated profitability in this quarter are due mainly to new sales of the iNetVu Mobile antenna systems to the oil and gas exploration sector, as well as to sales into new vertical markets we have established in the Asia Pacific Rim countries," said Mr. Klein in a statement. "We are starting to see more and more demand for our iNetVu Mobile antennas in countries like China, India and Pakistan."

The company also noted that it continues to remain debt-free with a "healthy" cash position.