Turnover for Q2 was GBP1.9 million (Q1: GBP2.0 million)
Provision for losses on existing contracts of GBP1.6 million
Operating loss, before amortisation of goodwill, for Q2 was GBP7.7 million (Q1: GBP5.4 million)
Amortisation of goodwill in Q2 was GBP10.2 million (Q1: GBP10.2 million)
Loss before tax for Q2 was GBP19.1 million (Q1: GBP14.2 million)
Loss per share in Q2, before amortisation of goodwill and (Q1 only) exceptional items, was 25.42p (Q1: 16.97p)
Loss per share in Q2 was 54.62p (Q1: 40.75p)
Provision for restructuring costs of GBP1.6 million in Q3
Cash at end of Q2 was GBP26.0 million (Q1: GBP34.4 million)
Results of strategic review to be delivered on 27 March 2001
Simon Barker, Chief Executive, commented,These results show why, in the last three weeks, the Board has taken the actions that it has. The fundamentals of the business remain strong – we have the technology, the resources and the people to deliver a strategy that will return growth and profitability in the medium and long term.
