Conduit achieves net profitability

Conduit plc, the directory assistance operator, has announced that it made a profit after tax in Q4 ahead of expectations.

Although the company made a net loss €7.4m for the year ended 31st March compared to €5.6m in 2001, its Q4 results reveal that it has returned to profitability. Conduit made a profit after tax of €68,289 for Q4, compared to a €1.1m loss the previous quarter and €2.8m for the same quarter last year.