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Nasstar

  • BY: Andrew Hore |
  • POSTED: 28/04/2011 |

Cloud computing business Nasstar reduced its loss in the six months to March 2011 even though revenues were flat.

The provider of desktop software over the internet reported revenues of 1.16m and a loss of 83,000, down from 161,000. There was a cash inflow during the period.  Net debt was 193,000 at the end of March 2011.

Hosted Desktop subscribers increased by 36% to 1,866. A new version of the software has been released and it enables new applications when they are required.

At 11.13p a share, down 1.38p, Nasstar is valued at 4m.

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