The financial performance of the Group for 2011 reflects a slight decline in revenues, standing at GBP2.91 million (2010: GBP3.05 million), due to the core business of PLUS-SX continuing to suffer from a depressed climate for all small cap markets. This was against a full year of significantly reduced annual operating costs at GBP5.48 million (2010: GBP9.04 million), with a loss before tax of GBP2.56 million (2010: GBP5.67 million). The Group is reporting a basic loss per share of 0.66p, down from a loss of 1.46p in 2010. The Group has also placed great emphasis on conserving its cash and bank balances, but these continued to decline ahead of new revenues coming on stream, and stood at GBP2.38 million at the year end.
Click here for full details.