Online booking platform Hostelworld has reported after tax profits of €21m for the year to the end of December.
This is the group's first set of results since listing on the London and Irish Stock Exchanges in November, in which it raised €173.6m.
The company said its group revenue for 2015 was up 5% to €83.45m
It is proposing a maiden dividend of 2.75 cent per share.
The company's chief executive Feargal Mooney said that the new financial year has started well and in line with its expectations.
"The strength of our brand and technology together with healthy booking numbers and continued pricing improvements, underpinned by a growing marketplace, gives the board confidence in the group's future prospects," he added.
The group operates a number of brands, including its main brand Hostelworld, which accounts for over 70% of group bookings. But bookings of its supporting brands - notably Hostelbookers - were lower year on year.
It said it has taken steps, including the moving of Hostelbookers to a new platform, to reduce the rate of decline.
During the year, Hostelworld also moved ahead with its strategy to grow its customer base and revenue in emerging markets. It increased its supply base in key Asian markets, with Asia now its fastest growing destination continent.
