In a trading update for the year ended 31 March 2018, the AIM-listed firm said there has also been a positive contribution to results from H Peel & Sons Limited following its acquisition on 25 July 2017.
The company said it continues to hold a high level of committed orders which provides optimism for another good set of results in the year ending 31 March 2019.
Northern Bear said it is planning to continue with a progressive dividend policy.
Steve Roberts, executive chairman of Northern Bear, said: "Our revolving and overdraft bank facilities provide us with the resource to continue with our progressive dividend policy whilst having the financial wherewithal to look at similar acquisitions without the need to raise new equity.”
In lunchtime trading, Northern Bear shares rose 16.4% to 81.50p.