€7.4m profit, €30m turnover for Xsil

XSIL, one of the country's most promising technology companies, made a profit of €7.4 million last year.

The company, which develops laser machines for use in the semiconductor industry, reversed the €8.65 million loss it made in 2002 and made a healthy profit for the first time.

Xsil is considered by many in the hi-tech industry to be one of Ireland's cutting-edge firms and has won numerous awards.