London Bridge reports pick-up in demand
16 January 2004 | 2855 views | 0
Shares in London Bridge Software are up 12.2% after the UK supplier of credit management software reported interim annual results towards the top end of market expectations, reflecting improved demand and a strong close to Q4.
The UK-based firm says that it expects full year revenue to be approximately £58 million and profits before tax and amortisation of goodwill of approximately £4 million.
Shares in the firm rose seven pence to 68.5 pence on the news, shading a year high of 70 pence.
The company, which will announce full results on 12 February, says it finished the year with approximately £21 million of cash balances and continued strong cash generation from operations.