Redstone returns to stability

Managed services provider Redstone impressed investors on Wednesday with its return to stability following a period of difficulty, as losses for the full year narrowed significantly.

Managed services provider Redstone impressed investors on Wednesday with its return to stability following a period of difficulty, as losses for the full year narrowed significantly.

The operating loss for the 12 months to the end of March was £0.22m, versus a loss of £5.3m the year before, while the loss on ordinary activities before tax narrowed from £6.6m to £1.6m year-on-year (y/y) on stable revenues of £67.1m (2011: £67.1m).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.