Sirius Financial Solutions has published interim results showing total revenues of £10.4m, for the six months ending 30 June. This is down from £10.7m for the same period last year.
Operating profit before goodwill amortisation was at £486,000, down from £1.8m in 2002. Profit after tax was £14,000, a decrease of 98% from £779,000 for the same period in 2002.
The company said these figures matched the board's expectations for the period. The company said the first half of 2003 had been "a period of planned investment in people, product and the establishment of our Managed Service Provider capability".
Company gearing increased, up to 5.6% from zero in December 2002.
