Horizon beats forecasts to deliver €800,000 rise in profit to €3.3m

TECHNOLOGY company Horizon beat market expectations yesterday as operating profits for the first half of the year increased €800,000 to €3.3 million.

Sales were up 17% at €151m in the six months to June, while the company also tightened its grip on costs.

Chief financial officer Cathal O’Caoimh said the focus on efficiency and cost control translated a 10% increase in gross profit to a 32% hike in earnings before interest and tax.