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Anite announces year-end results



Anite revealed a 37 per cent increase in profits and strong growth in each of its core divisions in its preliminary year-end results earlier this...



Anite revealed a 37 per cent increase in profits and strong growth in each of its core divisions in its preliminary year-end results earlier this month.

According to its financial report, the company saw its pre-tax profits rise from £10m in 1999, to £13.7m for the...

period ended 30 April 2000.

Anite's telecoms division enjoyed the largest growth of its three core businesses, reporting a 150 per cent increase in profit, while Anite Travel's profits jumped almost 30 per cent to £2.2m.

Anite's consultancy businesses also experienced a successful year overall, notes the report, with a 52 per cent rise in turnover to £76.6m, and a 60 per cent improvement in operating profits to £7.5m.

Chairman Alec Daly attributes much of the company's success to the "significant refocusing" of its solutions business and says, "I am pleased to report another successful year for Anite. Within our chosen market sectors of telecoms, finance, travel and public sector, we now have well managed, strongly growing businesses that will exploit the buoyant demand for IT services."

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