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Pos Sol announces 70 per cent increase in profit

Positive Solutions has announced a 70 per cent increase in operating profit, from 3.6m to 6.1m, for the six months to 30 June 2006.
The firm says it is on track for turnover to exceed 100m this year for the first time after turnover reached 48m for the first six moths of the year.
Pos Sol announced it now has 1430 partners, up 300 from the start of the year.
It says it is on the look out for future acquisitions as well as seeking organic growth.
Pos Sol chief executive Neil Johnson says: Market conditions have been helpful but more than anything these results show the success of our business model and our strategy, reflecting our focus on combining a strong technology platform with tight cost controls.

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