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.
Subscribe to 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
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
