19 Sep 2014 11:07
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Don't have an account? Click here to register.Stilo tumbles as profit drop following loss of key customer
Wed, 15th Aug 2018 08:48
(Sharecast News) - AIM-listed Stilo International reported a fall in first-half profits after the software group was unable to retain a key customer.Revenues dropped 22.3% to £707,000, principally due to the expiry of a three-year customer contract for Migrate, which dragged pre-tax profits down a total of 70% to £42,000. Earnings per share dropped 66% to 0.04p.Despite the major contract loss, Stilo still reduced its operating costs during the six months to 30 June, leading it to declare an interim dividend of 0.6p per share, up from the 0.5p returned to investors a year earlier. Cash and equivalents dipped 10% to £1.44m.David Ashman, Stilo's chairman, said changes to IFRS accounting rules in 2018 had the effect of deferring £27,000 of software revenue recognition beyond the end of December 2017 and £64,000 beyond the end of June 2018 resulting in the net reduction in H1 revenue."With a reduction in operating costs for the period, assisted by favourable exchange rates, we have still been able to report a profit for the half year. This reflects well upon the overall resilience of the company," he concluded.Although one Migrate customer was lost, customers in the half-year included Viewpoint, Arris, Synopsis, Deltek, Varian and Tibco, while another operational highlights to complement Migrate occurred in the second half, with July seeing the start of development of a professional service tool to automate the de-duplication of content on the DITA open-source publishing engine. Stilo was "encouraged" by initial feedback received from prospective customers and business partners.As of 0850 BST, Stilo shares had tumbled 16.8% to 2.08p.
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11 Sep 2014 12:05
11 Sep 2014 10:53
Stilo International drops after earnings slide
Shares in AIM-listed Stilo International took a big hit on Thursday after earnings dropped by around half in the six month period ended 30 June. The firm, which develops content processing technology, posted earnings before interest, tax, depreciation and amortisation (EBITDA) of £48,000 (2013: £97,
Read more11 Sep 2014 09:27
15 May 2014 10:46
Stilo International Trading In Line With Expectations
LONDON (Alliance News) - Stilo International PLC said Thursday trading in the first four months of 2014 has been in line with management expectations, buoyed by a an evolving market and a number of customer wins during the period. In a statement ahead of Stilo's annual general meeting Thurs
Read more13 Mar 2014 12:19
Stilo International Profit Up As Customer Wins Boost Revenue
LONDON (Alliance News) - Stilo International PLC Thursday expressed confidence for further progress in 2014, as it posted a rise in pretax profit in 2013 with revenues boosted by new customer wins. The software company posted a maiden total dividend for the year of 0.15 pence, including the
Read more12 Sep 2013 07:48
Stilo to pay first and special dividends after profits leap
AIM-listed computer technology provider Stilo International is set to pay its first dividend, along with a special dividend, after delivering an upbeat first half report. The dividend payment will be 0.02p per share, while the special dividend will be 0.1p a share. Pre-tax profit for the period
Read more24 Sep 2012 16:35
IG Group's COO more than halves stake
Peter Hetherington, the Chief Operating Officer of spread betting firm IG Group has more than halved his stake in the company just a fortnight after it reported a decline in first quarter revenue, as it ran up against strong figures from a year earlier, when markets were particularly volatile. Het
Read more15 Mar 2012 12:06
Small caps round-up: HMV, Corero, ANGLE ...
HMV Group, the struggling entertainment media seller, has confirmed that it is still pondering what to do with its live music business. HMV added that a number of parties have indicated an interest in acquiring the business. There has been press speculation recently about who might be interested in
Read more8 Sep 2011 14:27
Stilo looks to e-books as profits rise
Text conversion software specialist Stilo International is planning to invest in "e-book" technology after reporting a sharp rise in pre-tax profits in the half year to 30 June. Sales were flat at £1.1m, but pre-tax profits rose to £92,000 from £50,000 over the same period the previous year. Stil
Read more8 Aug 2011 12:14
London midday: Stocks tumble as jitters grip markets
London's leading share index has given up a short-lived rally and is posting triple-digit losses as nerves over the global economic situation grip the markets again. Mining giants such as Rio Tinto and ENRC are out of favour, though precious metal miners such as Randgold Resources and Fresnillo are
Read more8 Aug 2011 11:09
Cisco order boosts Stilo International
Stilo International, a provider of systems that convert text between different computer packages, has won an order for its "cloud content conversion service" with the US IT giant Cisco. Stilo will convert 20,000 of pages in Adobe format into the DITA (Darwin Information Typing Framemaker) standard,
Read more18 Mar 2010 13:05
Stilo swings to loss
Shares in Stilo dropped after the software firm swung to a loss in what it called a 'challenging' year. The loss before tax came to £379,000 in the twelve month period ended 31 December compared with a profit of £333,000 last time. Sales revenues decreased by 33% to £2.01m. "The general economic o
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