Profits up for Maxdata

Maxdata, the monitor manufacturer has reported a 42 per cent increase in profit in the first half of its fiscal year, and a 33 per cent increase in its turnover. Net income rose to DM28.6 million, or $15.7 million, and the tax bill fell by a massive 67 per cent to DM6.5 million and cash flow increased by over 50 per cent to DM35.7 million. The company said that the strength of the dollar flattened its operating profits, which dropped by 14 per cent, despite the big increases in sales. Investment in e-commerce and overseas expansion had also taken their toll, the company claimed. There was a one-off cost associated with the purchase of sister company, Vobis' production line. ®