Source: Knowledge Technology Solutions
Knowledge Technology Solutions PLC (AIM: KTS), provider of market information services in the finance sector, reports its unaudited results for the year ended 30 June 2006.
Financial and business highlights:
- Turnover increased to £1.4m (2005: £1.25m)
- Group loss before tax of £1.0m (2005: £1.0m)
- Currently undertaking share placings to raise up to £1.8m in additional working capital
- Launched MarketTerminal ON-SITE, a bespoke service for major investment banks
- Adding Plus Markets and Virt-X coverage to standard MarketTerminal subscription
- In October 2006, signed first stockbroker client for MarketTerminal Mobile Messenger
Dr Marc Pinter-Krainer, Chief Executive of Knowledge Technology Solutions, said: "Following an encouraging initial response from prospective clients for both MarketTerminal ON-SITE and from our MiFID initiatives we expect to report further revenue progress this trading year. Together with improved financial results from our existing MarketTerminal subscription business, this should strengthen our trading performance in the future."
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