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Stilo International

  • BY: Andrew Hore |
  • POSTED: 13/03/2013 |

Content conversion software supplier Stilo International improved its 2012 profit despite a decline in revenues.

The decline in revenues from £1.74m to £1.41m, including £735,000 of recurring revenues, was due to the ending of SAP activities. Pre-tax profit improved from £2,000 to £60,000. Stilo capitalised £14,000 of development costs but that was still lower than the amortisation charge. Stilo spent £368,000 on product development last year and it plans to recruit more development staff in 2013.

Sales of coud XML content conversion service Stilo Migrate increased from £83,000 to £355,000. IBM and Cisco are among the customers. North America made up 62% of revenues because US companies are more quickly taking up the newer XML technology.

At 4.12p a share, up 0.25p, Stilo is valued at £4.53m. There is £976,000 in cash in the bank.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2013_42.pdf

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