Redstone profit up 112 per cent

Redstone profit up 112 per cent

Sales up 104 per cent to £96.6m translate into profit of £37.1m

Profit at communications company Redstone Plc rocketed 112 per cent to £37.1m, from £17.5m for the second half of last year.

Revenue rose 104 per cent to £96.6 over the past six months.

"With a healthy pipeline of new contracts, a high proportion of recurring revenue and key partnerships in place, we believe the outlook for the Group is extremely positive," said chief executive Martin Balaam.

"The Board is confident that Redstone will continue to deliver organic growth in the future, whilst remaining committed to its strategy of further acquisitions during the current climate of convergence and consolidation amongst sector players."