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Stilo International

  • BY: Andrew Hore |
  • POSTED: 24/09/2009 |

Stilo International has fallen back into loss in the six months to June 2009 due to a fall in revenues.

The content management software supplier returned to profit in 2008 but this was short lived. Contract delays and budget cuts by clients meant that interim revenues slipped from £1.29m to £1.11m. A profit of £137,000 became a loss of £180,000. The cash pile has held up relatively well and was £518,000.

Costs have been reduced and the Canadian business has a four-day working week.

Management is hopeful that clients will increase their budgets in 2010.

Stilo Migrate is the world’s first online, pay-as-you use content conversion service. It was launched in February 2009 and STMicroelectronics was signed up as a customer. Version 2 is being developed and this will widen the range of documents that can be handled.

At 1.53p a share, Stilo is valued at £1.67m.

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