INM chief executive Robert Pitt hailed "quite a dramatic change in the picture" for the company which owns this website as well as a range of newspapers including the Irish Independent, Sunday Independent, The Herald and The Sunday World.
Speaking at the group's annual shareholder meeting, Mr Pitt said 2015 had started well and trading was in line with expectations.
INM has cleared its debts and advertising has risen year-on -year for the first time since 2007, he said.
"The Irish Independent now has for the first time ever more than 50pc of the market," he said.
Mr Pitt also praised the "very strong performance" of the digital business including Independent.ie.