Zamano has reported operating profits of €2.049m for the year ending December 2012, a marked improvement from the operating loss of €0.328m reported in 2011.
The internet and mobile technology company, which is based in Dublin, said its revenue for the year rose by 28% to €19.20m from just over €15m in 2011.
Its pre-tax profits rose to 3.566m from a pre-tax loss of 0.585m.
The company said it has completed a debt settlement agreement with its bank, which it said puts it in the strongest financial position for a number of years.
However, the company also saw the loss of its subscription based Irish business as a result of new regulation and the gradual erosion of its traditional US business during the year.
It said this means that its revenues are more concentrated than ever on the UK and Ireland.
Zamano said that during 2013 and beyond, it will seek to broaden its market base, thereby reducing the risk of being focused on Ireland and the UK.
''Having successfully realigned its core activities, the group delivered a strong operational and financial performance in 2012,'' commented Zamano's chief executive Pat Landy.
He said that in line with the global growth in mobile usage and rapid adoption of smartphone devices, Zamano is focusing its market development activities in 2013 on expanding its web and mobile offering to new emerging markets in Eastern Europe, the Americas and Asia.
Zamano said its Irish business performed quite well during the year, mainly as a result of significant growth in activity in the web and mobile subscription segment and strong activity by its whitelabel clients during the first half of the year.
Irish sales of €7.205m for the year were 31% ahead of 2011, while gross profit at €1.764 million was 19% ahead of the same time last year.
