Services provider back in black

Mobile services provider Zamano has returned to full-year profit while eliminating all of its outstanding debt.

The Dublin-headquartered company, which provides mobile messaging, advertising, and payments support tools, has reported pre-tax profits of €3.56m for 2012. This compared to a pre-tax loss of €585,000 in 2011.

The IEX- and AIM-listed company also eliminated its net debt, closing 2012 in a net cash position of €138,000 versus net debt of €4.38m at the end of 2011.