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Zamano profits 71% ahead last year

Mobile services group Zamano has reported pre-tax profits of €2.2m for last year, up 71% on 2005 in its first set of results since its listing on the Dublin market earlier this year.

Turnover grew by 38% to €13.4m, while basic earnings per share rose by 46% to 3.8 cent. Managing director John O'Shea said the results were ahead of market expectations.

Zamano said sales in the UK accounted for 40% of its revenues, while it also launched a trial of its Mobile X brand in Australia.

Shares in the company closed up one cent to 44 cent in Dublin this evening.