Colt reports 50% increase in pre-tax profit

The increasing demand for data in the UK became evident after Colt Group announced a 50% increase in pre-tax profit.

Colt has placed an increasing focus on its voice and data carrier business and focussed more on cloud computing, data hosting and managed IT services in the past year.

The company posted more favourable returns from its voice and data businesses, with its data sales comprising for more than half of its total revenues. Data sales were up 2% from the same time last year.

Total sales at the company stood at €798 million, with a total pre-tax profit of €33.2 million.