What do you make of the results?28 Jul 2011 10:50
Unaudited Interim Results for the six months ended 30 June 2011
@UK PLC (AIM:ATUK.L), the cloud ecommerce marketplace, today announces its unaudited interim results for the six months ended 30 June 2011.
Highlights
National Audit Office Report highlighted £500 million in savings for NHS using @UK technology
Major contract win - 5 year contract worth £1 million from JISC Advance to supply an ecommerce marketplace ("GeM") for universities in the UK
Project now successfully delivered and attracting significant international interest as the world's first B2B purchasing card marketplace.
Revenue increased 25% to £1,255,000 (2010: £1,007,000)
Operating loss reduced by 38% to £216,000 (2010: £349,000)
Successful share placing raising £265,000 at start of period
Billed £350,000 to JISC Advance at start of next period to provide strong ongoing cash position
Ronald Duncan, Executive Chairman, commented, "Overall the last six months have been a busy and productive time for @UK, during which we have consolidated our leading position in eprocurement in the UK, successfully sold and delivered a transformational project on time and within budget, whilst starting the move into international markets."