15th May 2014 10:46
LONDON (Alliance News) - Stilo International PLC said Thursday trading in the first four months of 2014 has been in line with management expectations, buoyed by a an evolving market and a number of customer wins during the period.
In a statement ahead of Stilo's annual general meeting Thursday the firm said that the global market for dynamically publishing digital content to desktop computers, laptops, tablets and mobile devices continues to rapidly evolve and expand.
The content processing technology and cloud content conversion services provider has benefited from this evolution, citing new customers win for its Migrate business, including Deltek, Kaplan and ADP.
Chairman David Ashman said "I am pleased to report that trading in the four months of the current year has been in line with management forecasts."
Looking ahead, Ashman said the firm continues to progress with the development of its new XML content processing solutions in 2014 and has improved its cash position to GBP1.2 million as of April 30, 2014, compared to GBP1.1 million as of December 31, 2013.
A final dividend of 0.03 pence per share will be paid to shareholders May 19, 2014 for the year ended December 31, 2013.
Shares in Stilo were trading 11.11% lower at 3.00 pence per share Thursday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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