IFX announces tripling profits

Profits before goodwill, exceptional items and taxation were £1.6 million for the six months to September 30, up from £500,000 for the same period the year before.

"Following a strong start to the financial year, the markets in which IFX operates have become quieter," said chairman Adam Mills. "But the excellent rate of client procurement, transactional volume and customer balances make us confident of a strong performance when an improvement in market conditions occurs."

Smith added that

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