Tribal has announced a 28% increase in its adjusted pre-tax profits.
The education technology and consultancy firm reported that its pre-tax profits for the six months ended 30 June 2012 stood at £3.6 million, compared to £2.8 million the year before.
Tribal’s net debt at the end of June 2012 stood at £13.2 million (2011: £16 million), while group revenue decreased slightly to £57 million (2011: £57.5 million).
Tribal added that it is trading in line with its own expectations.
The firm began a three year growth strategy earlier in the year, following a year of major restructuring within the group. This included the disposal of several businesses and layers of management in order to become an education-only company.
As part of the development plan, the firm aims to seek development opportunities in North America and South Africa.
International revenues represented 16% of overall group income in the first half, up from 12% for the year ended 31 December 2012.
Keith Evans, Tribal’s chief executive, said: “Our cash flow is strong, our net debt is reducing, and we are increasing new product development in line with our strategic plan.
"We are seeing strong international growth opportunities for our software products and the UK market is steady. Our development of technology-enabled services and solutions is well underway, and we are exploring interesting new opportunities for these services internationally.”