Datalex eyes China growth

Datalex — the Dublin-based company which provides e-commerce and retail software solutions to many of the world’s leading airlines and travel companies — is set to use China as a major growth platform this year, following continued strong financial performance during 2014.

The company yesterday reported a post-tax profit of $2.7m (€2.47m) for 2014; marking a 69% annual growth rate. Total group revenue rose by 9% to $41.4m, while basic earnings per share were up by 66% at 3.71c.

The 30-year-old company which paid its maiden dividend to shareholders only last year has also proposed a 50% increase in full-year dividend to 3c per share. Last year’s 60% increase in cash generated from operations, to $9.6m, has helped fund the dividend rise and has seen funds go into further product development.