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Arcontech Group Information
Share Price Information for Arcontech Group (ARC)
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Share Price:
100.00
Bid:
98.00
Ask:
102.00
Change:
0.00 (0.00%)
Spread:
4.00 (4.082%)
Open:
0.00
High:
0.00
Low:
0.00
Prev. Close:
100.00
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Don't have an account? Click here to register.Arcontech rallies as it swings to annual profit
Wed, 05th Aug 2015 10:10
(ShareCast News) - Arcontech rallied after saying it swung to a pre-tax profit in the year ended 30 June on the back of cost savings and new business from existing customers.The company, which provides products and services for real-time financial market data processing and trade, posted pre-tax profit of £243,660 compared with a loss of £35,565 in the same period last year.Revenues increased 8% to £2.13m and the cash balance stood at £1.07m from £733, 676 in the first half of 2014 as the company expanded its customer base and grew revenues from existing clients.However, Arcontech did not declare a dividend due to its negative distributable reserves. The company said it intends to seek court approval to re-designate its reserves and thereby enable it to pay dividends.Chairman Richard Last said: "Arcontech has a healthy pipeline of qualified prospects and although the lead time to a sale continues to be unpredictable, once a sale is completed we invariably have a long and positive relationship supported by annual recurring licence fees."Despite the challenges presented in the year under review, with a broadening product range and customer base, we are both positive and confident as to Arcontech's prospects."At 0916 BST, Arcontech shares were up 4.8% at 0.2095p.
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19 Aug 2013 08:27
Monday broker round-up UPDATE
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