CSG (ASX:CSG) FY10 profit up 35% to $31.5m

CSG (ASX:CSG) FY10 profit up 35% to $31.5m

IT services provider CSG Limited (ASX:CSG) has reported a 35% increase in full-year net profit to $31.5 million thanks to strong revenue growth.

Revenue grew 41% to $277 million, while ebitda grew 20% to $59 million.

CSG said its acquisition of KBMS and LSL in New Zealand contributed significantly to second-half earnings.

“I am excited by the fact that CSG has been able to achieve company transforming acquisitions in very volatile markets, without significantly increasing debt,” CSG CEO Denis Mackenzie said.

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