Digital entertainment group Zamano says its pre-tax profits for 2007 rose to €3.08m from €2.45m the previous year.
Revenues surged by 100% to €24.7m in what the company called a transformational year. Adjusted diluted earnings per share rose by 15% to 4.6 cents from 4 cents. The results exceeded expectations.
During the year, the company completed two significant acquisitions - Eirborne and Red Circle, which gives it a significant market presence in the UK and Australia and an entry point into US market.
Trading to date in 2008 is good and the board is pleased with progress made in the integration of Red Circle,' commented company chairman Rod Matthews.
'The board looks forward to the remainder of the year and is confident that the group will continue to deliver revenue and profit growth,' he added.
Shares in the company closed down two cent to 40 cent this evening in Dublin - a fall of 4.7%.
