Conduit returns to profitability
04/07/2005 - 16:03:13Information services company Conduit Limited has indicated a return to profitability in its latest financial results for the year ended March 31, 2005, with strong profit and revenue growth expected in the coming year.
The latest financial reports show he Group achieved a profit before tax and dividends of €1.5m compared to a loss of €31.2m the previous year.
Gross margin more than doubled from 28% last year compared to 46% for the year ended March 31, 2005.
Meanwhile, urnover at €57m was marginally reduced from €59.5m year-on-year.
Liam Young, CEO, Conduit Limited, said: “We are delighted with both the scale and quality of the turnaround in our business over the last year."
