Crosby Communications has today announced record annual profits for 2008

The results reflect a lucrative fourth quarter, which saw the company's earnings rise by 51%.

A spokesman for Crosby said: "Our record gross profits and earnings underline the significant progress we have made in 2007 to 2008, and we expect continued growth in the coming months. This has been our biggest, most profitable year to date and we are very happy with the outcome. Our aim is to continue to raise the bar next year, as we have done successfully for the past four years."

The company attributes this impressive rise in profits to an increase in overseas trading and further growth in niche products/services.

"Thanks to strong growth in new European markets and continued innovation, we've been able to continue developing our products and services and adding new revenue streams to our portfolio, while our competitors remain fixated on cutting costs, shedding staff and reducing operational costs, thereby stifling innovation and failing to future–proof their businesses," said Matt Wilson, CEO.

Although not directly profit–related, Crosby will soon announce the sale of its successful Manchester–based IT division, which it acquired on 1st Sept 2006. This will signal an end to Crosby offering IT solutions under the same "house" as communication solutions.

Crosby is a leading provider of converged communications solutions. Using its advanced infrastructure as a service provider, Crosby combines the latest voice, text, fax, web and broadcast technologies into successful solutions for its clients.