Arcontech Group FY Pretax Loss GBP0.9M Vs Loss GBP0.6M

26th Jul 2010 08:04

LONDON (Dow Jones)--Arcontech Group PLC (ARC.LN), a provider of products and services for real-time financial market data processing and trading, said Monday that for the year ended June 30, it made a pretax loss of GBP0.9 million compared with a loss of GBP0.6 million a year earlier MAIN FACTS: -Contracted future annual recurring revenues as at June 30 increased by 59% to GBP1.08 million (2009: GBP0.68 million) -Turnover for the year was GBP1.07 million (2009: GBP1.4 million) reflecting the move towards recurring rental model -Operating loss GBP0.9 million (2009: loss GBP0.6M) -Pretax loss GBP0.9 million (2009: loss GBP0.6 million) -Loss per share 0.07 pence (2009: loss 0.07 pence) -Contracts secured for CityVision contributions and distribution software in excess of GBP1.7 million over three years -Group operating loss for the year was GBP0.9 million (2009: GBP0.6 million) -Had all new contracts signed during the year been traditional license sales the results would have shown a marked improvement over 2009 -Existing products enhanced and continuing intention to invest in product development -Cash balances at June 30 GBP1.6 million (2009: GBP0.4 million) -Unable to predict with any degree of certainty the timing of contract wins. -Optimistic regarding the opportunities that exist. -Shares at 0702 GMT down 0.00 pence, or 2.6%, at 0.19 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 26, 2010 03:04 ET (07:04 GMT)