Sirius Financial Solutions, the insurance software supplier, has reported in its preliminary results profits of £660,000 for 2001, down from £1.71m in 2000.
However, the group's turnover did increase to £17.4m in 2001, up from £17.1m in 2000.
Chief executive Stephen Verrall commented: "In 2001 we lived through an extraordinary year. More than ever before, we have enjoyed access to global opportunities but have also been adversely affected by global stresses.
"In 2002, we have our strongest order book ever and are forecasting high growth," he added.
