Sunday October 25, 2020

Turnover up at Corvil despite profit drop

Financial services software firm Corvil saw its turnover increase by 11 per cent last year to €19.4 million.

15th June, 2013
Donal Byrne, chief executive, Corvil. Photo: Tony O'Shea

Financial services software firm Corvil saw its turnover increase by 11 per cent last year to €19.4 million. New filings from the company reported that turnover in the year ending December 31, 2012 had risen from €17.4 million to €19.4 million.

Despite an increase in revenues, the company's profit margin declined during 2012. Corvil reported net profits of €854,000 for the year, which was down from a net gain of €2.4 million in 2011.

This was primarily down to an...

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