Coventry IT firm Sanderson has posted a year-end maiden pre-tax profit of #2.7 million - unchanged in pro-forma terms from a year earlier.
The company, which floated on AIM in December 2004, said turnover on the same basis edged up to #15.46 million from #15.43 million.
The group will pay a final dividend of 1.4 pence a share, bringing the total for the year to 2.5 pence.
?Over the last twelve months Sanderson has been successful in gaining a number of new clients as well as enhancing the product and service offerings to existing clients,? said chairman Christopher Winn.
?Our first acquisition has been successfully integrated and is performing well.?
The company bought out Yorkshire-based Progressive Computer Systems in July last year for #1.7 million.
Sanderson expects the acquisition to be earnings enhancing in the financial year ending September 30, 2006.
That will be the first year in which Progressive will contribute a full year?s results.
The group said its proforma results are presented as if the group had been trading in its current form for the last twelve months.