StockMarketWire.com - Content-processing software provider Stilo International booked a modest first-half loss as its sales slipped.

Pre-tax losses for the six months through June amounted to £29k, compared to a profit of £42k on-year.

Revenue fell to £638k, down from £707k on-year.

The company did not declare a dividend.

'We are currently expecting trading to continue slowly for the remainder of 2019 and need to take measures to reduce our operating costs wherever possible,' chairman David Ashman said.

'The company continues to develop high-quality software tools used by leading organisations around the world.'

'With a reduced cost base and increased sales to be driven by the recruitment to the newly created role of VP sales and marketing, it is our intention to generate steady ongoing profits and resume the payment of dividends to shareholders as soon as possible.'



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