Travel software firm swings back into profit

DATALEX, which develops software for the travel industry, has swung back into profit in the first half of this year.

The company made pre-tax profits of about $1 million (€805,000), reversing a loss of $412,000 (€334,000) in the six months to end June 2004.

Although revenues were down 7% at $14.3m (€11.6m), the company saw tight cost control of operating and administration expenses.