--Italian TXT e-solutions returns to the black in 2010

Internet Business News
03-02-2011
--Italian TXT e-solutions returns to the black in 2010

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

2 March 2011 - Italian IT company TXT e-solutions SpA (BIT:TXT) booked a net profit of EUR200,000 (USD277,000) for 2010, compared with a net loss of EUR6.2m for 2009, the company said in a statement on Wednesday.
Revenues rose to EUR54.4m from EUR50.1m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at EUR4.7m compared with a loss of EUR400,000 for 2009.

Operating profit came in at EUR700,000 versus a loss of EUR5.2m.

The company had a net financial position of EUR700,000 at 31 December 2010 against a debt of EUR7.2m at end-December 2009.

((Comments on this story may be sent to info@m2.com))

(Copyright M2 Communications, 2011)