StockMarketWire.com - Business consultancy, software and systems group Triad widened its loss before tax to £0.61m from £0.04m in the year to end-March.

Revenue fell to £27.2m from £32.8m.

The company made an operating loss after exceptional items of £0.46m, against a 2009 profit of £0.17m.

Chairman John Rigg said the decrease in demand reported at the interims had extended into the second half, with the business particularly affected by cancelled and postponed projects.

'Revenue visibility continues to be affected by uncertainty in levels of client spending and delays in decisions.

'Following recent announcements from the new government concerning public sector spending plans, the board remains cautious about the year ahead.'




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