Melbourne IT Ltd is expecting strong growth for the rest of 2007 after the domain name registry business more than doubled first half net profit writes AAP. Melbourne IT posted a 145.4 per cent increase in net profit for the half year ended June 30, to $6.52 million, which excluded a one-off gain from the sale of the company’s 10 per cent stake in .biz registry, Neulevel.

AAP stories on Melbourne IT’s results are available from: www.theage.com.au/articles/2007/08/21/1187462234346.html
www.smh.com.au/articles/2007/08/21/1187462234346.html
www.australianit.news.com.au/story/0,24897,22282332-15306,00.html

Also see:
Melbourne IT achieves strong growth in first half 2007 [news release]
Melbourne IT Limited announced a strong result for the half year ended 30 June 2007, reporting an 84% increase in revenue to $77.3m and a 167% increase in earnings before interest and tax (EBIT) to $9.1m against the first half of 2006.
corporate.melbourneit.com.au/news/newsfile.php?docid=258
corporate.melbourneit.com.au/news/newsstory.php?id=391 [pdf of presentation]