- Arcontech cut operating losses by 74% to £68,976 in the six months to the end of December - down from £262,850 a year ago.

Turnover increased by 15% to £976,578 while the annual run-rate of recurring revenues at 31 December amounted to £1.9m (2012: £1.7m) and covered 94% of the cost base.

Chairman Richard Last said: "Arcontech has continued to make steady progress towards profitability, which we expect to continue in the second half of the year. The Group has an increasing pipeline of opportunities with both existing and potential new customers, which gives us confidence that the business remains on track to continue to deliver improvements in operational performance."

At 8:14am: [LON:ARC] Arcontech Group PLC share price was 0p at 0.21p

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