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Intelliflo records 65 per cent profit increase

Intelliflo has recorded a £1.6m total net profit for 2008, a 65 per cent increase on 2007.

In its financial results for 2008, the technology provider saw profits rocket 65 per cent to £1.6m in 2008 from £952,000 the previous year.

Annual turnover for 2008 was £5.2m, up 58 per cent on 2007, which recorded £3.3m.

IntelliFlo chief executive officer Nick Eatock says: “We are delighted to announce such a strong set of year-end results. It is very encouraging that our sales and ultimately profits continue to increase, particularly in light of the current challenging economic backdrop. We continue to invest our profits in enhancing the solution further.”

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