IFG Group has reported a pre-tax profit of £2.56 million for the first six months of the year, a 13% increase on the same period of 2012.

Revenue at the financial services company was 5% higher between January and June, standing at £39.9 million.

Earnings at the firm’s British operations fell 13.5% to £5.64 million, however losses at its Irish arm were reduced to £611,000, leaving an operating profit of just over £5 million.

Company CEO Mark Bourke said the core business had delivered a good first half of the year and had a “clear direction” for its future strategy.

He said IFG Group had a strong balance sheet – with net cash of £18.9 million – which could allow for further investment where required.

See how IFG Group shares are performing in Dublin trade.