29th Mar 2016 08:03
LONDON (Alliance News) - Telecommunications software company Artilium PLC on Tuesday said its pretax loss widened in the first half despite higher revenue.
The company said its pretax loss for the half to the end of December was EUR927,000, compared to EUR292,000 a year earlier. Revenue grew to EUR4.3 million from EUR4.1 million but this was offset by a higher cost of sales squeezing gross margins.
Artilium also booked costs in the first half related to the acquisitions of Dutch virtual mobile network operator *bliep, Belgian telecom operator Talking Sense, Dutch telecoms products company Comsys and call centre services firm Livecom International.
"The telecommunication world has moved more towards innovative software and we benefit from this as a leading provider of these services. We are pursuing numerous sales opportunities and are looking to convert these to our unique telecom software platform. We have made the necessary investments on the technology side and we are focussing increasingly on the commercial side," said Chairman Jan-Paul Menke.
"The acquisitions and investments put us in a strong position to add value to our customers on an international scale. We expect to convert the strong order book into contracts resulting in acceleration of sales growth," Menke added.
Artilium shares were untraded on Tuesday, having last traded at 5.97 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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