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Home : Risk Management : Lombard Risk Management says FY loss to be substantially below last year
Lombard Risk Management says FY loss to be substantially below last yearLombard Risk Management Plc. said the overall profit in the second half was not sufficient to eliminate first half losses, so the group will report an overall loss for the year, but this will be 'substantially below' the loss reported in the 2007 financial year.
The regulatory, risk management and valuation software provider said its revenues for the full-year increased by over 25 percent to about 8.7 million pounds. Trading in the second half of the financial year was 'particularly strong' with revenues of about 5 million pounds, the highest half yearly revenues the group has recorded. Going further, the company said it has plans for 'significant' expansion of its Shanghai operation over the next few months and said the sales pipeline for the Colline collateral management software product is stronger than six months ago. http://www.hemscott.com/news/static/tfn/item.do?newsId=65115999193480 27 times read
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