Source - Alliance News

Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Posts revenue of £1.4 million for the six months ended on October 31, slightly down from £1.5 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 £1.8 million from £2.2 million, as administrative expenses are trimmed to £2.2 million from £2.4 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 £285,000 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%

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