A hike by 29% has been noted in Christchurch-based Jade Software's $1.77 million profit before tax for the half year to June 30, compared with the same period last year. Nonetheless, the company is predicting results for the full financial year to be down on 2008.

The company revealed that nearly 60% reduction has been reported by its European logistics customers in cargo movements. It added that its full year results would reflect unprecedented conditions in banking, finance and insurance.