Profits grow fivefold at information technology group

Xpert Systems, the Dublin-based information technology company which emerged from a management buy-out of Reflex's manufacturing…

Xpert Systems, the Dublin-based information technology company which emerged from a management buy-out of Reflex's manufacturing and services business in 1995, continues to record substantial growth. Pre-tax profit has grown fivefold from £400,000 to £1.9 million in the year to April 30th, 1998. Sales rose from £8.2 million to £10.5 million. Further strong growth is anticipated and chief executive, Mr Aidan Farrell, said the group was on target to record profits of £2.8 million this year.