(Updates to add further details)
LONDON (Thomson Financial) - Imagelinx PLC reported a narrower first-half
pretax loss due to the sale of a loss making business in the second half of the
last year, a lower level of exceptional operating expenses and better
performance from the continuing activities.
The company, formerly LTG Technologies, posted a pretax loss of 717,000 stg
for the six months to June, compared with a loss of 1.39 mln stg a year earlier.
The packaging graphics services company said its revenue rose to 3.8 mln stg
from 3.2 mln largely due to the acquisition of Tecnolink in December 2006. This,
along with revenue from a new major client, offset the loss of business last
year and a lower level of spend by some clients in the current year.
Looking ahead, the company said it is confident of seeing further
improvement in the second half of the year.
TFN.newsdesk@thomson.com
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