K3 Business Technology Group PLC - Enterprise software company - Says revenue from continuing activities showed a slight decline at GBP27.2 million for the six months to the end of May compared to GBP27.9 million a year ago. K3 reports widened loss of GBP990,000 versus GBP398,000 a year ago. The last 10 weeks of K3's financial first half, the performance was hurt by national lockdowns across the UK and Europe. K3 says there is a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. With the easing of lockdown restrictions, the company expects to see an improvement in sales activity. "The outturn for the second half is therefore expected to show an improvement on the first half," said Chief Executive Adalsteinn Valdimarsson.
Current stock price: 61.18 pence
Year-to-date change: down 58%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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K3 Business Technology Group (KBT)