Content conversion software supplier Stilo International is starting to reap the benefits of its investment in Stilo Migrate, the cloud XML content conversion service, but interim revenues have fallen due to the ending of SAP-related services.
Revenues fell from £1.07m to £702,000 in the first half but the effect was offset by lower costs. Pre-tax profit fell from £92,000 to £2,000 and there would have been a loss without interest received.
Development spending was £209,000 in the first half and £14,000 of this was capitalised. Stilo Migrate enables users to reduce time and costs of conversion and it has been recommended by IBM to more than 300 of its clients. An increasing number of companies is switching to the XML DITA standard for digital publishing.
Stilo still supplies its OmniMark content processing software and it has released the tenth version.
At 3.75p a share, Stilo is valued at £4.12m. There was £973,000 in the bank at the end of June 2012.
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