StockMarketWire.com - Interim operating losses at Arcontech - a provider of products and services for real-time financial market data processing and trading - fell by 29% to £342,789.

Turnover for the six months to the end of December rose by 17% to £696,797 while contracted future annual recurring revenues amount to £1.3m (2010: £1.1m) and cover 67% of the cost base.

The company had net cash of £1.3m at the end of December - up from £0.8m at the end of June.

Chairman Richard Last said: "The group, now refocused on its CityVision product suite, has improved the depth of its product offering, its level of efficiency and its ability to deliver and support the needs of customers and prospective clients.

"More technical resource is becoming available to provide additional pre-sales support, an essential factor in winning larger value sales.

"These improvements, together with the promising prospect list, provide optimism that we will be successful in winning new sales over the next 12 months."


At 8:53am: [LON:ARC] ARC Risk Management Group share price was +0.02p at 0.13p



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