French firm Netgem has posted net profits of €19.7mn for the first half of this year, up 54% year-on-year, thanks to continuing efforts to rationalise hardware prices, and to non-recurring revenues linked to the transfer of licence rights to SFR.

The company reports that it has refocused on its core technology business since January 2010, and will continue to expand its marketing and business development teams in order to build on its technology and expertise, and develop strong commercial relationships with customers, especially in the Europe and Asia-Pacific areas.  Netgem also plans to address new business opportunities by reinforcing its product range, such as connected TV technologies, within existing markets.

Total revenues for the first half of this year reached €74.3mn, up 6% year-on-year when adjusting for the contribution of VideoFutur, which was deconsolidated in January.