Financial compliance software group Norkom has reported a 14% increase in pre-tax profits to €3.18m for the six months to the end of September.
The company's revenues increased by 2% to €24.6m and it said it added eight new clients during the six month period. It says that almost 90% of its revenue came from existing clients who re-invested in Norkom's software.
It continues to expand in the Middle East with two new clients gained in the last 12 months.
Norkom's CEO Paul Kerley said a number of competitors had left the market and consolidation along with returning demand meant that Norkom could expect to pick up more market share into the future.
The company should also benefit from a much stronger focus on good regulation, he added.
Norkom shares jumped 10 cent or 9% to close at €1.20 in Dublin.
