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Facilitate posts maiden $13k profit in FY10

Facilitate posts maiden $13k profit in FY10

Digital advertising company Facilitate Digital (ASX:FAC) has reported a maiden $12,900 profit in FY10.

The company increased its revenue 15.7% to $7.4 million, and its ebitda 134.4% to $1.7 million, from the winning of a number of major contracts during the financial year.

In a joint note to shareholders, CEO Ian Lowe and Chairman Stuart Simson said the company was well-placed to grow its revenue and profit in FY11 and beyond.

FAC shares are today trading 5.6% higher at $0.095.

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Tags financial resultsdigital advertisingFacilitate DigitalASX:FACStuart SimsonIan Lowe

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