Insurance IT giant Sherwood International has announced a massive 42% growth in operating profit, up from £4.8 in 1998 to £6.8m.
The growth was achieved despite a slump in the second half of 1999 because insurers waited for the threat of the millennium bug to pass before committing to purchases.
Other results included net funds rising 93% to £28.6m (from £14.8m), and earnings per share up by 121% to 22.1p (from 10p).
Sherwood International chief executive George Matthews said: "The group has completed yet another successful trading period, with turnover, profits and earnings per share once again achieving record levels."
