Beleaguered Quindell posts drop in interim revenues

(ShareCast News) - Beleaguered insurance technology company Quindell, which is being investigated by the Serious Fraud Office over its accounting policies, posted a drop in revenue and a pre-tax loss for the first half of the year.For the six months ended 30 June, the pre-tax loss came in at £35.46m from £35.54m in the same period last year, on revenue of £35.33m, down from £42.84m.The half-year figures come just seven weeks after Quindell issued its full-year results restating past earnings.Chief executive Indro Mukerjee, who started on 7 September, said: "With shareholder value clearly in mind, I will work quickly and methodically on the group's opportunities and challenges. I plan to share an outline strategy around the turn of the year."In the meantime, I will be focusing on: establishing good governance and operational integrity; dealing with the group's losses as quickly as possible; and creating the best platform possible for future growth based on clear and compelling value propositions."At 0823 BST, shares were up 0.8% at 98p.