Financial technology firm First Derivatives has reported higher revenues for the six months to the end of August, but its pre-tax profits fell.
First Derivatives said its revenues for the six month period rose by 21% to £87.8m from £72.4m the same time last year.
But the company's pre-tax profits were down 10% to £6.3m from £7m, mainly due to a hit from foreign exchange translations and an increase in acquisitions costs.
Half yearly adjusted profits before tax at the Newry-based firm rose by 13% to £11.4m.
During the six month period, the company secured strategic partnership and contract wins with the like of the European Space Agency, Scientific Revenue and Brainwave Bank.
The company said an interim dividend of 7 pence will be made for the six month period.
"Based on the pipeline of opportunities and ongoing strategic conversations with clients, I remain confident that we can continue to deliver significant returns for shareholders," commented the company's chief executive Brian Conlon.
