First Derivatives sales surge 56% as profits hit £3.3m

FIRST Derivatives, which provides software and other services to the international capital markets, has reported a strong first half, with sales up by more than 56%.

In the period to end August 2010 turnover rose to £17.7m (€20.25m), up from £11.4m (€13m) in the corresponding period of the previous year.

Pre-tax profit was £3.3m (€3.78m), against £3.1m, up 5.9%. Earnings per share (EPS) for the period were 15.6p, an increase of 1.3%.