27th Sep 2018 14:48
LONDON (Alliance News) - Rosslyn Data Technologies PLC, which provides data extraction, data cleansing and data enrichment technologies, said Thursday it continues to trade in line with previously announced expectations, as it prepares to release its results for the financial year that ended April 30.
"These audited results will be the first time the company reports following the application of [accounting rule] IFRS 15, which will have no cash impact and will have the effect of reported revenue being GBP6.4 million and adjusted loss before tax of GBP2.0 million, with the underlying numbers unchanged from those announced on 26 June under the prior accounting standards," the company said.
Back in June, the data analytics provider said it expected to report an adjusted pretax loss for the recent year in the region of GBP1.3 million. In the prior year, Rosslyn reported a pretax loss of GBP2.0 million on GBP3.6 million in revenue.
The company is scheduled to release its annual results on Monday.
Shares in Rosslyn were trading 2.9% lower at 8.50 pence each.
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