Financial services group Marlborough Stirling has described its performance as "reasonable" given challenging market conditions after half-year results show that turnover has decreased by £4.7m since 2002.
Financial services group Marlborough Stirling has described its performance as "reasonable" given challenging market conditions after half-year results showed that turnover had decreased by £4.7m since 2002.
As of June 30 2003, the company's turnover had fallen to £56m from £60.7m the previous year.
The company said outsourcing services remained strong, but sales of software and consultancy products had fallen.
Chairman and chief executive Huw Evans said: "The first half's results are in line with expectations and satisfactory given the difficult market conditions.
"The decisive actions taken to reduce costs have maintained underlying profitability despite lower turnover."
