Objective 1H profit soars 140% to $1.2m

Objective 1H profit soars 140% to $1.2m

recorded a first-half profit of $1.2 million, a 140% increase on 1H09.

The company raised its revenue 25% to $21.1 million, due primarily to strong growth from Europe. European revenue grew 69% to $6.2 million, while APAC revenue increased 14% to $12.5 million.

Earnings per share increased 125% to 0.9 cents, but the company did not declare an interim dividend.

Objective said it invested $5 million, or around 24% of its revenue, on research and development.

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