Cloud commerce company ATUK has cut losses and won several big contracts to push its share price up significantly.
Revenues in 2011 increased by 15% to £2.4m (2010: £2.1m), while the loss after tax decreased by 84% to £0.09m (2010: £0.55m).
The Company's ecommerce business, its main growth engine, delivered a stronger than expected performance with a 65% growth in revenues.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
@UK has also won the "NHS Sustainability" contract to work out the carbon footprint of Britain's national health service. The firm is also a major player in university and local authority procurement, offering a platform for the public sector to buy through its "Cloud Platform".
At 10:49 the shares had risen 5.7%. Over the last 12 months the stock is still down 10.4%.
BS
-
DIY pension investors take tax-free cash amid switch to ISAsSelf-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget
-
12 ways pensions could be reformed in Budget – including an alternative to charging IHTPension savers could face new rules after the Budget if chancellor Rachel Reeves targets their pots to fill her own fiscal black hole – what potential pension changes could be on the way?
