VoIP provider MyNetFone (ASX:MNF) has reported a half-year profit of $333,500 from revenue of $5.76 million.
This compares to a profit of just $8,640 and revenue of $4.5 million in 1H09.
The company said steadily increasing monthly profit from the company’s entire VoIP and broadband product range caused the profit surge.
MyNetFone addded that it was on track to deliver “profitable growth” in the second half of the year, and was in a “comfortable” cash position.
MNF is trading unchanged at $0.090.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.