Morse Holdings announced a 60 per cent increase on pre-tax profit for its year ended 30 June - jumping to £18.9 million.
Turnover rose 30 per cent to £283.9 million from £216.1 million in the previous year.
The systems integrator, which floated in March at 250p per share - a figure it has failed to reach since - traded late afternoon today at 227.5p, up by 4p (1.8 per cent) from yesterday's close.
The company, which acquired ecommerce consultancy Hughes Rae and reseller Partner System this year, said highlights of the year include a, "strong performance from the UK business and a substantial increase in business from the telecoms sector."
Chief executive Duncan McIntyre commented: "In spite of the management time and energy which was required by flotation, our core business has continued to grow well and the replication of our UK model in Europe is proving successful."
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