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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