Ireland-based online travel booking firm, Datalex, reported a pre-tax profit of USD1m for the six months to the end of June 2005. The profit figure compares to a loss of USD0.5m the same period last year. Revenues were flat at USD11.5m in results reported under the new IFRS accountancy standards for the first time.

Datalex said that it had achieved 'some notable contract successes' in the six months but these did not add to half-year revenues as they are principally transaction based contacts with revenues arising over the period of the contracts, normally five years.

The company said its cash balances remained at a very healthy level of USD32.2m compared with a figure of USD32.9m at December 2004.

Datalex said it continues to focus on reducing its overall costs base, despite increasing its research and development spend. The company said it expects its R&D spend to increase in the forthcoming periods as its focuses on accelerating the release of its product roadmap.

"We have spent considerable time and energy positioning and validating our vision for the travel distribution sector worldwide and delivering a flexible, commercial model to our customers," Cormac Whelan, CEO at the company said.