Profits rise 14% at bank security firm

THE Dublin-based anti- banking fraud software company Norkom Technologies has posted a year-on-year rise of 14% in first-half pre-tax profits and has said that it is well placed to increase market share in its core territories.

The company made a pre-tax profit of just under €3.18 million for the six months to the end of September, compared to one of €2.8m for the same period last year.

First-half revenue was up by 2% to €24.6m; EBITDA rose by 8% to €4.3m and adjusted earnings per share picked up by 7%, on a year-on-year basis, to 4.22c.