Renaissance boosts revenue and profit

Profit grows in excess of 20% for 2006

Local listed IT reseller Renaissance Corporation announced a significant boost in revenue and profit today.

Total operating revenue grew to $163.1 million from $155.6 million for the year to 31 December, 2006. Earnings before interest, tax and depreciation surged 20% from $8.2 million to $9.9 million.

The company recorded a net surplus after tax of $6.2 million, up from $5.1 million in 2005.

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