Financial markets trading company WorldSpreads said revenue and profit at the company rose in its last financial year as it sold off its Irish operation and signed strategic partnerships.
However, it warned that operating margins would be "temporarily depressed" as it waited to see the full benefits of its new strategy, which includes aggressive sales and marketing and investment to support the next stage of the Group's expansion.
The company, which sold off its Irish financial spread betting division in December for more than €11 million, said revenue from continuing operations rose 85 per cent from €6.96 million last year to €12.89 million in the year ended March 31st, 2010.
Operating profit from continuing operations, meanwhile, rose 666 per cent to €3.04 million.
The average number of trades was up 41 per cent to 6,148, compared to 4,367 from continuing operations in 2009.
The firm signed a revenue-sharing deal with Ladbrokes
Chief executive Conor Foley described it as a "year of transition" for the company.
"Continued levels of growth have been delivered in respect of all key performance indicators, notably, trade numbers and new client numbers," he said. "Particularly pleasing has been the expansion in overseas markets, a key element of the group's strategy, protecting the Group somewhat from the uncertain economic conditions in the UK economy."
Some 41 per cent of trades and 37 per cent of trading profit came from operations outside the UK.
Looking to the current year, the company said its strategy was one of investment for long-term growth.