Iona profits slightly down on last year

ISEQ-listed Iona Technologies has announced Q1 2005 revenues of $16.3m (€12.7m).

Gross profit for the three months to end-March of this year was $13.3m (€10.4m), down from $13.6m (€10.6m) in the corresponding period of 2004.

Iona also announced today that Peter M Zotto, president and chief operating officer, has been appointed chief executive officer (CEO) and elected to the board of directors.

Mr Zotto succeeds Chris Horn, Iona’s co-founder, who assumes the role of non-executive vice-chairman of the board.