Calyx profits rise by 10%
The Dublin-based company, which floated on London’s Alternative Investment Market (AIM) last year, said pre-tax rose from €1.59 million to €1.74m.
At operating level, profits were €3.1m against €2.2m in 2004. The company took an exceptional charge of €576,255 to cover the cost of its stock market listing, the integration of acquisitions and the design of its own IT systems.
Turnover, both from continuing operations and when acquisitions are included, was ahead. Group turnover for the year increased from €34.2m to €38.4m.
Calyx chief executive Maurice Healy said the rise in revenues and profits came despite a competitive market.
Calyx floated on AIM last March raising €10.5m to fund expansion plans here and in Britain. Since the IPO, it has bought four companies, including one in England. Last week, it snapped up Irish internet security firm Entropy for almost €5m.
The company, which provides a range of telecoms and IT services, says it will not be paying a full-year dividend.
Shares in Calyx rose almost 3% to 72.5 pence on the AIM yesterday, valuing the company at nearly £28m (€40.8m).
Calyx also announced a number of senior management changes.
Managing director Judith O’Brien will take on the role of chief operating officer while finance director Ger Coakley moves to managing director for its Irish operations.
