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.
"Looking ahead, we have a positive outlook for the future. Our roadmap includes expanding our product portfolio, entering new geographic markets, and strengthening our partnerships with our key stakeholders," Chief Executive Officer Amit Tauman says.
Current stock price: 40.00 pence each
12-month change: down 27%
By Xindi Wei, Alliance News reporter
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ADVFN (AFN)