Revenues at computer services group Reflex fell to €3.66 million last year from €4.19 million in 1999. But pre-tax profits rose to €467,000 from €196,000 in the period.
The group's chairman, Mr Martin A Kilduff, attributed the fall in revenues to the "consolidation" of its rental business in Britain, which traded as one entity, First Rental Limited.
A related reduction in operating expenses led to improved margins, he said.
Earnings per share rose to €0.79 cents from €0.69 cents.
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The stock rose to eight cents from seven cents on the Dublin market yesterday.
