Profits at tech firm double to €2.4m

Pre-tax profits at Dublin technology firm Corvil more than doubled last year to €2.4m.

Accounts filed by Corvil Ltd show the firm recorded an 119% increase in pre-tax profits after revenues went up by 35% from €13m to €17.4m in the 12 months to end of Dec 2011.

According to the directors’ report, the revenue and profit increase “was achieved by greater penetration in the existing customer base as well as the addition of new customers and the expansion of operations in Asia”.