A good year in Computerland

Computerland, which provides IT services to medium and larger business, made an operating profit of £1.3m on turnover of £30.8m for the six months ended 31 October 2006. Profits before tax were £1.3m, up from £686,000 for the same six months of 2005

The unaudited figures show good growth compared to the six months ended 31 Ocotber 2005 when turnover was £27m and operating profit was just £584,000.

Computerland chairman and CEO Graham Gilbert welcomed the results and said: "Recent contract wins and the overall strength of our business lead us to be optimistic of a successful outcome for the year as a whole."

Computerland has signed a five year contract with O2 and British Sugar.

The dividend paid to shareholders increased 39 per cent to 2.5p.

Computerland PLC shares are up five per cent on the news.

The whole financial statement is here. ®