News

Mondas on target for 'in line' year

26 September 2006 13:15:00

Mondas jumped today as the provider of software solutions to the banking and securities and education markets said it continues to trade strongly and is well positioned to achieve full year expectations.

Revenue for the six month period ended 30 June climbed 75% to £2.69m as it reported a profit before amortisation, acquisition integration costs and tax of £35,000 versus a £605,000 loss a year ago.

It put down the improvement to all divisions generating profits in line with expectations.

Chairman Peter Waller said, "The successes of our recent acquisitions demonstrate our growing ability to create value for shareholders and I am optimistic for our prospects for the remainder of the year."

"Full year results will depend upon the timely delivery of projects and the successful closure of identified business," the company added.

"However, the board believes that the company will trade in line with market expectations and the directors view the future with optimism."

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