Text profits increase

Text 100, the technology public relations firm that floated on London's OFEX market last March, yesterday reported an annual turnover of £11 million sterling, a rise of 18 per cent on the previous year. The company said its pre-tax profits rose 22 per cent to £1.24 million sterling. Shares in the firm, which opened trading at 39.5p had reached 44.5p, Text 100 said.

The group, which counts Microsoft, Xerox, British Telecom and Gateway 2000 among its customers, employs 10 people in its Dublin office.