Dublin-based communications networks company Calyx has reported pre-tax profits of just under €650,000 for the first half of this year, up nearly 90% on the same period a year earlier.
In its first results since listing on London's AIM market, the company said revenue increased by 5% to €18.2m, while earnings per share were 2.97 cent. Calyx said it had continued to benefit from the trend towards outsourcing of information and communication technology functions.
The company raised €9m in its flotation, and has since used some of this to reduce debt and invest in infrastructure. It had €5.9m in cash at the end of the first half. Following its recent acquisition of Convergent Systems, it said it was continuing to look at suitable purchases in Ireland and the UK.
CEO Maurice Healy led a management buyout of the company from Alphyra in 2002.
