Commsworld has reported a near 60% rise in gross profit during the last 12 months.
The Edinburgh-headquartered telecoms service provider saw gross profit rise to £7.5m for the year ending 2021, up from £4.7m year-on-year.
Commsworld also recorded a 20% increase in turnover from £20.6m in 2020 to £24.1m in 2021, while adjusted earnings before tax rose from £2m to £3.8m.
Chief executive Steve Langmead said the company had ridden the upheaval of the pandemic and continued to grow both its core enterprise business and expanded its customer service base last year.
Key to the results was a more than £20m framework agreement for digital connectivity services with North Lanarkshire Council at the beginning of this year.
The agreement stands alongside other long-term contracts, which include Glasgow City Council, City of Edinburgh Council, Renfrewshire Council and Scottish Borders Council.
Commsworld also bagged a contract to provide network connectivity to the St James Quarter in Edinburgh and teamed up with HALO Kilmarnock in a partnership that sees it provide communication solutions for the HALO Enterprise and Innovation Centre.
The company continues to develop partnerships with companies such as Netomnia and Neos Networks to give businesses in underserved areas enhanced broadband connectivity, bandwidth and resilience.
Langmead added: “This partnership success has been built thanks to our nationwide ultra-fast Optical Core Network, which allows us to deliver transformative connectivity to areas the length and breadth of Britain.
“Through the network, in which we invested up to £10m, we can connect these areas to speeds of up to 10G now, and with scalability of up to 100G.”
Founded in 1994, Commsworld is now the operator of the largest privately-owned network in the UK. As well as Edinburgh, it has offices in Glasgow and Aberdeen, with more than 100 staff operating across public and private sector contracts.
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
