The UK wing of Irish communications firm eircom made a pre-tax profit of £4.2m in 2012 and intends to take on new staff to help it expand into Great Britain, it announced today.
Belfast-based eircom UK, which employs just over 40 people, said it had recovered from the £1.3m loss recorded for the previous full year, but that overall revenues for the year ending 30 June 2012 were down £5.1m as a result of the company's exit from "loss making parts of the business".
But the company also announced it will increase its workforce by 25% and says it has invested more than £2m in the expansion of its network in Britain.
Darren Lemon, General Manager of eircom UK, said that the company had posted encouraging results with post-tax profit of £3.6m during challenging economic times.
He added that the firm's managed service business, which works with public sector and corporate customers, has experienced double-digit growth for the third year running.
"eircom UK is not just about Northern Ireland," he said.
"There is a strategy in place for expansion into Great Britain and our recent success in being part of a body of 12 companies, selected by the Cabinet Office to build a world class public service network across the UK, gives us a superb platform for this market.
"The public services network is a fundamental building block of the Government's ICT Strategy providing the infrastructure to deliver services to citizens more efficiently and cost effectively.
"In addition to that we also had success in winning the Education Network Northern Ireland contract in collaboration with Northgate Managed Services that will deliver connectivity to more than 1,100 schools.
"Customer satisfaction remains high because of the way we deliver complex and sophisticated bespoke solutions for the communication challenges they face, as they seek to do business both in Great Britain and Ireland, north and south,
"We are exporting our knowledge and services to the wider UK market and our profitability allows us to continue to invest in people and to expand here in Belfast.
"With nine more staff arriving before the end of the year we look forward to serving our customers both here and in Great Britain in 2013."