Profit turnaround for directory enquiries firm

DIRECTORY enquiries firm Conduit has moved back into the black, with earnings of nearly €8.5 million in the year to end March.

The company, which went private following a management buy-out two years ago, said it had reversed the loss it had racked up the previous year of €23.5m before interest, tax and depreciation.

At pre-tax level, the Dublin-based firm made profits of €3.2m from a loss of €30m in the previous 12 months.