29th Jan 2016 11:08
LONDON (Alliance News) - Publishing Technology PLC on Friday said it expects a small rise in revenue and improvement in earnings after cutting costs over the course of the year.
Publishing Technology said it has cut around GBP1.5 million from its annual cost base, with a number of senior management roles eliminated, while revenue has increased thanks to an uptick in business development and its sales pipeline.
The group also said its recurring revenue stream has performed ahead of its expectations, following an improvement in the timing of contract renewals.
Shares in Publishing Technology were down 0.8% to 126.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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