Finzsoft shares jumped almost 25 percent yesterday after it said it expects at least a four-fold increase in this year's annual profit after it secured a further contract from St George Bank in Australia.
The company's net profit for the year ended March was nearly $755,000, and four times that is about $3 million.
Finzsoft provides software to finance companies and the new contract is to help integrate the auto and equipment finance of St George subsidiary Capital Finance Australia with the rest of the bank.
Westpac, St George's parent company, bought the finance business from the Lloyds Banking Group last year.
Finzsoft's managing director Andrew Holliday said he is expecting further profit growth beyond the current year.