Horizon Technology today reported after tax profits of just over €5.5 million for 2006 in a rise of just under 30 per cent on 2005.
In its preliminary results for 2006, released this morning, Horizon said sales were up 47 per cent to almost €258 million, supported by a number of acquisitions. It said adjusted earnings per share were up 11 per cent to 9.16 cents.
The company said more than 75 per cent of its revenue now came from the Britain and that this was likely to increase. It said it would be looking at the IT markets in Ireland and the Britain for bolt-on acquisitions.
Three-quarters of Horizon's revenue now comes from the British market, and Horizon said it was looking for IT acquisitions in Ireland and Britain.
Horizon shares were up 3 per cent in the Dublin market at €1.07 this afternoon.