Gentrack Group has lifted first-half profit 23 per cent to $NZ3.8 million ($A3.57 million) after its UK division sales jumped with the signing of new customers.
The software developer also says it expects annual revenue to climb at a faster pace than previously signalled.
Net profit for the six months to March 31 of NZ5 cents per share, was up from $NZ3.2 million, or NZ4 cents, a year earlier, the Auckland-based company said in a statement.
Revenue climbed 26 per cent to $NZ23.3 million with sales from its UK division up 80 per cent, outpacing a 16 per cent lift in Australian sales and 13 per cent rise in New Zealand revenue.
Gentrack expects revenue to rise 20 per cent in the 2016 financial year, more than the 10 per cent-plus increase flagged at last year's annual meeting.
It also and predicts earnings before interest, depreciation and amortisation to be about $NZ15 million in the year ending June 30, up from $NZ14.5 million in 2015.
The company said it was still "confident of long-term growth driven by Australian and UK market opportunities and structural reforms in power and water sectors" and will "continue to explore acquisition opportunitie".
The board declared an interim dividend of NZ4.2 cents per share, payable on June 21 with a June 10 record date, up from NZ4.1 cents
The shares last traded at $NZ2.65 and have gained six per cent so far in 2016.
The stock was punished after releasing a major profit warning six weeks after listing but has recovered since September 2015 and is now trading above its 2014 initial public offering price of $NZ2.40.
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