.ie domain name firm enjoys €253k profits
Pre-tax profits at the firm that operates the .ie internet domain name fell by 24pc to €253,462 in spite of revenues increasing by 5pc last year.
New accounts filed by IE Domain Registry show that the firm's revenues jumped from €2.58m to €2.72m.
According to the firm's annual report: "Net additions to the .ie domain registry to year end 31 December 2014 were 8,730, which is a 75.1pc increase on net additions in 2013 (4,985), and amounts to a net yearly growth of 4.7pc."
IE Domain Registry ceo, David Curtin said: "The registry for the .ie namespace performed exceptionally well in 2014 despite the massive increase in competitive intensity and choice in the marketplace arising from the arrival of 472 alternative domain extensions."
Last December, .ie had a market share of 49.5pc (2013 - 47.9%), followed by .com at 27.4pc (2013 - 30.6%).
Mr Curtin said that "2014 was a strong year for the .ie domain registry with positive growth recorded in both turnover and net yearly growth of registered .ie domains.
"We are extremely pleased that .ie remains the identifiably Irish domain of choice for Irish businesses."