Firm reports first profit in 6 years

Dublin-based international travel software provider Datalex has forecast earnings growth of between 25% and 30% for this year, on the back of reporting its first profit in six years.

The company — which provides many of the world’s airlines and travel firms with e-commerce software — yesterday reported a net profit of $1.1m (€848,000) for 2012, marking the first time the company has posted a full-year profit since 2006.

Total revenue was up by 15% to $32m, while EBITDA — earnings before exceptional items — rose by 33% to $5.8m. An earnings per share figure of 1.59c was recorded against a loss per share of 1.91c for the previous year. Datalex also increased its cash reserves by 17% to $14.6m.