Friday 22 November 2019

Datalex announces hike in profits, plans first dividend

Datalex CEO Aidan Brogan: JetBlue deal
Datalex CEO Aidan Brogan: JetBlue deal

Ailish O'Hora

TRAVEL software firm Datalex has reported a surge in profits for the year ended December to $1.6m, from $1.1m.

In the same period revenues grew by 18pc to $38m while the company plans to pay a dividend of 2c per share.

In 2013, the company signed what it called "some of the world's most innovative travel brands" including Virgin Atlantic and JetBlue Airways.

Datalex whose major shareholders include financier Dermot Desmond's IIU vehicle with a 28pc stake, added that one billion people have used its software to shop for travel needs last year.

"2013 has been a year of performance and growth in our business, as we continue to achieve double digit percentage growth in adjusted EBITDA, revenue and cash," company  chief executive Aidan Brogan said.

"As a strong statement of confidence in the company’s growth prospects, I am also pleased to report that the Board has proposed the payment of the first dividend in the company’s history," he added.



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