Omnifone has posted its first profit in nine years.

The British firm, which powers music streaming services such as Sony Unlimited and rara.com, filed a pre-tax profit of £2.9m for the year-to-April, compared to a £21.7m loss at the same point last year.

The company posted revenue growth of 118% this year, rising from £13.5m to £29.5m with a positive EBITDA of £3.8m.

Omnifone chief executive Jeff Hughes attributed the change to new efforts to restrict internet piracy at an announcement ...