Softco reverses loss as profits rise by almost €1 million

SOFTCO, the document management software firm run by brother and sister team Alan Coffey and Susan Spence, saw its profits rise by nearly €1 million last year.

The Dublin-based company saw pre-tax profits increase to €2.41 million. No turnover figures were given in the accounts as Softco availed of its status as a medium sized company to exempt itself from filing the figure.

However, it is believed to be in the region of €11m and Softco has reversed two years of losses.