COMPANY RESULTS

Legent Corp has reported second quarter net profits down 52.6% at $8.7m after a writedown of $6.1m on its investment in Central Point Software Inc and a charge of $3.2m for costs associated with its acquisition of TeamOne Systems Inc, on turnover that rose 15.2% at $118.2m. Mid-term net profit fell 27.8% at $27.1m after a gain of $3.1m for cumulative effect of an accounting change, on turnover that rose 6.2% at $232.9m. Net per share fell 52% to $0.25 in the quarter, 26% to $0.78 in the half.

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