Friday 19 January 2018

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

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