LONDON (Thomson Financial) - AIM-listed financial intermediary company
Network Data Holdings Plc. slipped to an underlying first-half loss, as sales
were hit by the decline in mortgage and property markets, and said it is
evaluating acquisition opportunities that can be merged with its existing
operation at very little additional cost.
For the six months to June 30, 2008, it reported a pretax loss from
continuing operations of 132,000 pounds compared with a restated profit of 1.05
million a year earlier, while revenue fell to 10.58 million pounds from 16.06
million.
"The group continues to aggressively pursue cost reductions with a view to
improving trading performance in the face of a challenging market," said chief
executive Richard Griffiths.
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