Profit at Datalex jumps 21pc on 'strong' performance
Profit after tax at Irish listed travel-software firm Datalex has jumped 21pc to $1.6m (€1.3m) year-on-year in the six months to 30 June.
Revenue during the period rose by 24pc year-on-year to $30.3m helped by a strong performance from its platform revenue which rose to $12.8m.
The strong performance during the period was driven by a number of factors, including the contribution from Swiss International Air Lines who went live on the Datalex platform in late 2016, together with two Chinese carriers that went live during 2016 - Air Changan and Tianjin Airlines.
Announcing their interim results the company, which provides software to airlines to enable them to sell products online, said that it was also achieving broad organic growth across its existing customer base.
Adjusted earnings before interest, taxation, depreciation, and amortization increased by 17pc to $5.4m year-on-year.
Commenting on the results, Aidan Brogan, CEO of Datalex said that the first half of 2017 produced a "strong performance" from Datalex,
"Our priority is to continue to invest in scaling the organisation and new platform capabilities to generate new revenue streams and execute on the market opportunity," Mr Brogan said.
Looking forward the company said that its market opportunity continues to grow, and that it would continue to invest in people, product and partnerships to ensure it is well positioned to take advantage of this opportunity.
In that context Datalex said it is confident it will achieve growth of 15-20pc in adjusted earnings before interest, taxation, depreciation, and amortization for the full year.