StockMarketWire.com - Arcontech swung into the black in the six months to the end of December. But it warned that the level of profitability for the full year to the end of June was uncertain, due to a significant customer requesting the termination of its contract 18 months early.

The group - a provider of products and services for real-time financial market data processing and trading - posts interim pre-tax profits of £116,932 against a loss of £66,735 last time.

Revenues rose to £1.04m from £976,578 and there was an operating profit of £115,900 against a loss of £68,976 a year ago.

Chairman Richard Last said: "The Board is pleased that the Group is making progress in delivering increasing levels of turnover and profitability in the medium to longer term. However, the level of profitability for the current year ending 30 June 2015 is uncertain, due to a significant customer requesting the termination of its contract 18 months early for reasons outside of our control.

"We are currently working to resolve the situation. Although we expect to achieve new sales wins before the year end, due to revenue on our contracts being taken to profit on a monthly basis, it is unlikely that we will be able to fully compensate for the loss of revenue should the contract be terminated. Nevertheless, the Board believes Arcontech will deliver a positive result for the six months ending 30 June 2015. With current net cash balances in excess of £1.2m and a healthy sales pipeline, we remain positive about the Group's prospects."

Separately, it announced the appointment of finnCap Ltd as the company's nominated adviser and broker with immediate effect. Story provided by StockMarketWire.com