Air traffic and defence software specialist Adacel (ASX:ADA) has announced a profit and positive cash flow for the half year to 31 December 2005, after several years of restructuring and consolidation.

Adacel's EBITDA of $1.61 million  compared with the EBITDA loss incurred in the previous corresponding period of $1.65 million was driven by the North American business units, according to the company. After tax profit profit was $1.48 million, up from the previous loss of $2.54 million, and revenue increased 24% to $25.42 million.

Managing director of Adacel, Silvio Salom, said that the group performance during the half year underlined Adacel’s continued strength in its core markets. The company has also successfully introduced new products and services by leveraging the core intellectual property into closely associated markets. The company will focus on completing the transition of group management responsibility to Mr Fred Sheldon, CEO
of the North American operations.