Zamano pre-tax profits rise 71% as further acquisitions on the table

MOBILE phone applications provider Zamano said yesterday that it is progressing well with its previously stated aims of expanding through acquisition and identifying new geographic markets.

The Dublin-based firm, which is listed on the IEX market here and the AIM market in London, yesterday issued its first set of full-year results as a public entity. Ahead of market expectations, the results showed that Zamano generated a turnover of €13.3 million in 2006, which was up by 36% on 2005.

Pre-tax profits were up by 71% at €2.24m, while earnings before interest, tax, depreciation and amortisation (EBITDA) came in at €2.49m, up 53% on the previous year. This was the company’s fourth successive year of growth, according to managing director, John O’Shea.