Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Posts revenue of GBP1.4 million for the six months ended on October 31, slightly down from GBP1.5 million a year before, reflecting the "churn of customers experienced in the second half of the prior year as the group underwent the final stages of its restructuring", Rosslyn explains. However, pretax loss narrows to GBP1.8 million from GBP2.2 million, as administrative expenses are trimmed to GBP2.2 million from GBP2.4 million a year before.
Looking ahead, Rosslyn says it has entered the new financial year with "increasing revenue momentum". Expects annual results to be in line with market expectations, with a year-on-year increase in revenue for continuing operations of 14%.
Rosslyn says it has won a three-year contract worth GBP285,000 from an unnamed provider of sub-systems and systems for mission critical situations.
Current stock price: 0.65 pence, down 24% on Monday morning in London
12-month change: down 81%
By Xindi Wei, Alliance News reporter
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Rosslyn Data (RDT)