ADVFN Share News (AFN)

IN BRIEF: ADVFN interim loss narrows on lower costs; eyes improvement

ADVFN PLC - London-based operator of financial information websites for private investors - Pretax loss narrows 14% to GBP532,000 in the six months to December 31, from GBP622,000 a year prior. Revenue declines 25% to GBP2.3 million from GBP3.1 million. "The decrease in revenues was primarily attributable to continued adverse market conditions and the discontinuance of company units which no longer supported our business goals," Chief Executive Officer Amit Tauman says. Total administrative costs decrease 20% to GBP2.8 million from GBP3.5 million. Cost of sales decrease 44% to GBP109,000 from GBP196,000. Cash balance as at December 31 surged to GBP4.8 million from GBP647,000 a year prior. Looking ahead, CEO Tauman says the company is focused on continuing the current "improved trend".

UK shareholder meetings calendar - next 7 days

ADVFN confident of future growth despite seeing annual loss widen

(Alliance News) - ADVFN PLC on Thursday maintained an optimistic outlook for the year ahead, despite seeing revenue decline and loss widen over the financial year.

TRADING UPDATES: AMTE Power in subscription deal, launches placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

ADVFN winding down ALL IPO as unprofitable and seeing minimal activity

(Alliance News) - ADVFN PLC on Tuesday said it was winding down the operations of ALL IPO, the online trading platform it bought in July 2009.

IN BRIEF: ADVFN expands to Korea; integrates Brazilian operation

ADVFN PLC - London-based operator of financial information websites for private investors - Expands to Korea, establishes first presence there. Concludes deal with its joint venture partners in Brazil, integrating Brazilian operation into ADVFN, including the absorption of costs and revenues. Says it has agreed to terms of a call option to acquire partner's 50% interest in Brazilian joint venture in due course. Says that current market conditions remain challenging, with revenue at low levels and low advertising sales reflecting soft market for financial media.

Advfn pleased with progress on untangling legacy issues

(Sharecast News) - Advfn updated the market on its recent progress and trading performance on Friday, reporting that it had successfully overcome legacy constraints and complexities through significant investments in technology and infrastructure.

TRADING UPDATES: Online Blockchain keeping ADVFN at "arms length"

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: ADVFN swings to interim loss as revenue falls 28%

ADVFN PLC - London-based operator of financial information websites for private investors - Reports revenue of GBP3.1 million for the six months that ended December 31, down 28% from GBP4.3 million a year before. Swings to pretax loss of GBP622,000 from profit of GBP202,000, as gross profit falls to GBP2.9 million from GBP4.1 million a year before. Basic loss per share is 2.36 pence, compared to an earnings per share of 0.77p a year earlier. ADVFN says results are in line with guidance provided at the time of its GBP4.5 million open offer of shares back in January.

IN BRIEF: ADVFN Finance & Technical Director Jon Mullins steps down

ADVFN PLC - London-based operator of financial information websites for private investors - Says Finance & Technical Director Jon Mullins plans to step down immediately. Adds that it is in process of identifying a successor. In order to facilitate an orderly handover of responsibilities, Mullins will continue to provide financial consultancy services to the company on an interim basis. In the meantime, Chief Executive Amit Tauman will assume board responsibility for finance.

IN BRIEF: UK FCA approves ADVFN chief executive's increasing stake

ADVFN PLC - London-based operator of financial information websites for private investors - Says Financial Conduct Authority has approved Chief Executive Amit Tauman, and his father Yair Tauman, a holding of up to 29.9%.

IN BRIEF: ADVFN secures GBP4.5 million through fundraise

ADVFN PLC - London-based operator of financial information websites for private investors - Raises GBP4.5 million through the issue of 13.7 million new open offer shares and 4.6 million warrants at an issue price of 33 pence per share.

ADVFN raises nearly GBP6 million in open offer to develop new products

(Alliance News) - ADVFN PLC on Friday said it closed its open offer, issuing 17.3 million shares, to raise funds for the development of new products and tools.

AIM WINNERS & LOSERS: MS International surges on new contract win

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

UK shareholder meetings calendar - next 7 days