Mobile data and services firm Zamano this morning reported a 25 per cent rise in pre-tax profits on the back of a 100 per cent growth in revenues.
Zamano which is listed in Dublin and London said its revenues grew to over €24.7 million last year, pushing its pre-tax profits to €3.08 million for the year ending December 31st. The pre-tax profit figure for 2006 was €2.45 million.
The adjusted diluted earnings per share rose 15 per cent to 4.6 cents, up from 4 cents a year earlier. After-tax profits were €2.61 million, a rise of over 18 per cent.
Zamano completed two significant acquisitions last year - Eirborne and Red Circle - which the company says provides it with a strong presence in the UK and Australia.
John O'Shea, Zamano CEO said he was confident that the 6 years of consecutively high growth will be maintained in 2008 and beyond.
He described 2007 as a transformational year and said the financial results had exceeded expectations.
Group EBITDA grew at a faster-than-expected rare to €3.5 million, up from €2.4 million in 2006. At 8.45am Zanano shares were trading down over 4.7 per cent at €0.40.