ASG Group lifts profit to $4.2m

IT services provider ASG Group has reported a net profit after tax of $4.2 million for the half-year to December 2007, up 46 per cent from the previous corresponsing period.

This was based on a 54 per cent increase in revenue to $51 million.

Managing director Geoff Lewis said the outlook was promising.

"We are looking to an equally strong second half and further strong growth in FY09, much of its already contracted," said Mr Lewis.

He attributed the strong result to the group's business model, "which combines long term contracts with our influental prime contractor status and our leadership position in application based outsourcing services".