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The .ie domain registry has reported a 6% rise in revenues for 2016 to just over €3m.

The .ie domain registry has reported a 6% rise in revenues for 2016 to just over €3m.

The body continued to make a loss in the year, though this was cut by more than two thirds to €126,519.

The .ie Domain Registry (IEDR) maintains the .ie domain – which is the official internet address for Ireland.

A total of 34,615 new .ie domains were registered in 2016, a 1.7% decrease when compared to 2015 (35,225).

In addition to maintaining the database of domain names here, it also promotes the use of the domain, provides dispute resolution and offers a directory service for people looking to find the owner of a particular address.

The body says its loss last year came as it continued to invest in its Strategic Development Fund, which aims to grow awareness of the .ie address.

This includes its ‘Optimise’ scheme, which helps SMEs to develop websites so that they can sell online.

Chief Executive of IEDR David Curtin said “2016 was a solid year for IEDR despite macro economic uncertainty, new domain choices and new global trends in domain ownership, such as shorter domain life-cycles.

“Moving forward, policy changes introduced by the PAC will continue to ensure that dot ie is the domain name of choice for business owners who need a presence online, with a website or email address that is Identifiably Irish.

“Looking to the end of 2017 and into next year, we are confident that continued strong investment in our Strategic Development Fund will consolidate and grow IEDR’s position in the Irish domain market, with new .ie domain initiatives, policies, and events.

“We will continue to work shoulder to shoulder with Ireland’s SME community to bring them online and introduce them to the benefits of e-commerce.

“This is a priority: Ireland’s e-commerce market is set to grow to €14 billion by 2021, but with less than a third of our SMEs trading online, businesses risk losing out to online international competition,” Mr. Curtin added.