Maintel results on the rise
Maintel has announced a growth of 52 per cent in revenue in its interim results for the six months to 30 June. Its adjusted profit before tax is up by 21 per cent to £2.9m.
The company says increased confidence in the economy has seen companies start to re-invest in upgrading their communications infrastructures. In particular, Maintel has won significant infrastructure upgrades in the higher education, health and retail sectors.
In communications, there is a greater move to IP technologies, which have led to more opportunities in data, VoIP and SIP. It also requires companies to outsource the monitoring of their voice and data networks. In terms of mobile services, Maintel has been adding more larger corporate customers. This has resulted in an 11 per cent increase in revenue compared with last year.
Strong equipment and professional services growth has been supplemented by the services and communications technology capabilities that were acquired via Datapoint in 2013. Datapoint is now fully integrated and performing well, says the company. Maintel says it is on track to meet the Board’s full year expectations with a positive outlook for the second half.
Commenting on the results, Eddie Buxton, CEO, said: 'This is a positive set of results for the Group, with growth in the core Maintel business complemented by a full six months’ contribution from Datapoint. The integration of Datapoint is now complete and we remain open to further acquisitions should they provide clear value to shareholders.'