Domain name company swings into the black

THE company that runs the Irish internet domain name registry swung into profit in 2003 from a €1.2 million loss the previous year.

The IE Domain Registry recorded an operating profit of €480,874 last year on turnover up from €1.5 million to just over €2m. The company did not disclose whether it made an after tax profit or loss.

The figures will be a boost for the company, which is in the process of being given to the communications regulator to operate after a difficult two years.