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Pin to quick picksLombard Risk Management Regulatory News (LRM)

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Trading update

8 Sep 2010 16:12

RNS Number : 3793S
Lombard Risk Management PLC
08 September 2010
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Lombard Risk Management plc

("Lombard Risk" or the "Company")

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Trading Update

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Lombard Risk Management plc (AIM: LRM), the global provider of specialised software solutions that improve the management and reporting of collateralised trading, liquidity and regulatory compliance, today announces the following Trading Update which explicitly draws attention to statements also made in the March 2010 results announcement made today.

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Lombard Risk has had a strong trading start to the new financial year, with a profit achieved in the four months April-July 2010, and revenue over 30% higher than in the comparable period last year. All the divisions of the firm have contributed positively during this period, with a particularly strong contribution from the regulatory part of the business. Lombard Risk has now won 30 UK contracts in the Liquidity Regulatory space in the last 10 months. A number of further deals, both for Lombard Risk's Colline collateral management product and for its regulatory products, are expected before the close of the half year on 30th September 2010. A further trading update will be made shortly after the close of the half year.

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Contacts:

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Lombard Risk Management plc

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Tel: 020 7593 6700www.lombardrisk.com

Philip Crawford, Chairman

John Wisbey, CEO

john.wisbey@lombardrisk.com

Allenby Capital Limited

Tel: 020 3328 5656

Brian Stockbridge / Alex Price

Walbrook PR Ltd

Tel: 020 7933 8780

Paul McManus

Mob: 07980 541 893 or paul.mcmanus@walbrookpr.com

Bob Huxford

Mob: 07747 635 908 or bob.huxford@walbrookpr.com

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This information is provided by RNS
The company news service from the London Stock Exchange
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