Financial services company, International Securities Trading Corporation (ISTC), has reported first half pre-tax profits of €6.8m, up 300% compared with the same period last year.
ISTC, which is a specialist lender of capital to banks, is expecting to seek a full London and Dublin listing next year.
Tiarnan O'Mahoney, founder and CEO, said on RTE radio that the group was looking to list next year.
'We expect to be in a position to list by the back end of 2008,' said Mr O'Mahoney, a former executive at Anglo Irish Bank.
He added that the company expects a profit of €15m this year, up from earlier forecasts of €13.5m, and it expects to make €25m in 2008.
The group also said today that its total loan portfolio has quadrupled to just under €2 billion.
In March 2005, ISTC raised €165m, one of the biggest private placements for a financial services company in Ireland.
