YAVNE, Israel - Valor Computerized Systems showed continued growth for the ninth quarter in a row, and released financial results for the six-month period ending June 30.

Revenues were $9 million in the second quarter of 2005, an increase of more than 20% over Q2 2004 revenues of $7.45 million. Revenues increased year-on-year, growing from $14.6 million in the first half of 2004 to $17.7 million in the first half of 2005.

Net profit in the second quarter was $408,000, an increase of 133% over the adjusted profit for the same quarter last year. Net profit for the first half of the year was more than $1 million – up 200% from the same period last year.

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