Linedata Services grows net profits

Linedata Services grows net profits

French financial software house Linedata Services is reporting a sharp increase in 2003 net consolidated profits, up 32.8% to EUR7.1 million.

Linedata Services achieved consolidated revenues of EUR100.3, up 5.9 % (+10.3% at a constant exchange rate). Asset management accounts for 52.7% of activity with leasing & credit finance at 24.4% and savings & insurance at 22.9%.

Looking ahead, the company is targeting organic growth of at least five per cent for 2004. Linedata says this growth, which is mainly expected to occur in the second half of the year, will be bolstered by "acquisitions opportunities currently being reviewed".

First quarter revenue figures are due on 5 May 2004.

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