Datalex posts net profit for first time as public company
DUBLIN travel software firm Datalex posted a $1.1m (€850,000) profit last year as it secured more business from international airlines.
It’s the first time as a public company that the firm has delivered a net profit.
The company, whose clients include airlines such as Aer Lingus and Delta, said revenue climbed 15pc to $32.4m.
Chief executive Aidan Brogan said 2012 had been a year of “both performance and growth” for Datalex.
However, the $1.1m net profit result includes the recognition of a previously unrecognised net deferred tax asset of $800,000.
Datalex’s software enables airlines capitalise on merchandising opportunities, generating more income from passengers at a time when high fuel and other costs gnaw at profitability.
The company said its well-positioned for future growth, despite challenges that remain for the airline industry