Cutting costs helps company make operating profit

A FIRM which helps companies improve their online performance has made an operating profit for the first time.

Infoserve, based at Leeds-Bradford Airport, has made an operating profit of 133,000, an increase of 149,000 on last year.

Executive chairman Steve Barnes said he is "proud" of the company's results.

The profit has been achieved by tight financial controls. While turnover has dropped by two per cent to 2,895,000, the cost of sales has been reduced by nine per cent, administrative expenses have been slashed by seven per cent and productivity per sales executive has increased by 10 per cent. The Group has also invested in strategic partnerships, new product development and sales.

Mr Barnes said: "We have seen many of our SME (small to medium-sized enterprise] customers go through difficult trading times this year, so I am proud that we have adapted our product offering and value proposition to maintain volumes and revenues."

He added: "These successes are a testament to the entire team at Infoserve."

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