(Rewrites, adds detail.)
By Simon Zekaria
LONDON--Shares in CSF Group PLC (CSFG.LN) climbed in early trade
after the provider of data-center facilities and services in
Southeast Asia Friday expressed cautious optimism over its
improving performance as it posted a narrowed full-year pre-tax
loss.
The group recorded a pre-tax loss of 5.9 million pounds ($9.21
million) in the year ended March 31, compared with a loss of
GBP23.7 million in the same period a year earlier. Last year's
result was impacted by one-off items, including impairment charges
for plant and equipment.
Revenue fell to GBP15 million from GBP18.9 million, impacted by
lower sales from its design and development business.
"The board will continue to support the efforts of the
management in implementing its stated business strategies which it
believes will place the group on a solid foundation from which it
can return to profitability in the near term," the company said in
a statement.
"The board is cautiously optimistic that the group's financial
results will improve in the current financial year," it added.
At 0733 GMT, shares rose 14% to 2 pence, valuing the company at
GBP3 million.
Write to Simon Zekaria at simon.zekaria@wsj.com