ISEQ listed Horizon Technology Group has reported first half turnover up 17.3%, boosted by market share gains in the UK and Ireland.
First-half operating profit increased 31.6% year-on-year to €3.3m. Adjusted diluted earnings per share increased 29% to 4.29 cent. Pre-tax profits were €2.7m.
Cathal O'Caoimh Horizon's CFO said: 'Our competitive advantages and operational gearing have enabled the group to increase earnings at a faster rate than growth in revenue. We are well positioned to continue to deliver growth in shareholder value ahead of the market'.
Horizon Technology Group is a distributor of information technology products in the UK and Ireland operating through two trading divisions - Enterprise Solutions and Distribution and Channel Services.
Founded in 1988, Horizon has offices in Dublin, Lisburn, Cork and Manchester. Shares in the company closed up one at €1.04 on the ISEQ in Dublin.
