IT group Horizon Technology has reported pre-tax profits of just over €6m for last year, up from €5.5m the previous year.
The company's sales jumped by nearly 47% to almost €258m, helped by a number of acquisitions. Adjusted earnings per share rose by 11% to 9.16 cent.
Horizon CEO Gary Coburn said the business was now 'more robust', with a sharper focus on the higher margin business technology market. During the year Horizon sold off its distribution business.
The company said more than 75% of its revenue now came from the UK and this was likely to increase. It said it would be looking at the IT markets in Ireland and the UK for bolt-on acquisitions.
Horizon said the business IT infrastructure market would continue to grow by single-digit percentages.
Shares in the company were 10 cent to €1.15 in Dublin this evening.
