First Derivatives first-half profit up 5.9%

First Derivatives, the Newry based financial software and consulting specialists, said first-half profit rose 5

First Derivatives, the Newry based financial software and consulting specialists, said first-half profit rose 5.9 per cent on increased sales.

Net income for the six months to the end of August was £1.43 million sterling (€1.8 million), or 10.8 pence a share, up from £1.35 million, or 10.4 pence, a year earlier, the company said today in a statement.

Sales were up 21 per cent at £6.8 million.

"We have secured a number of new contracts in the last six months," the company said in its statement. "The demand for services in this area remains strong."

Bloomberg