News blog
Prologic
- BY: Andrew Hore |
- POSTED: 08/06/2009 |
Retail software systems provider Prologic made a small profit in the year to March 2009.
Revenues fell from £11.6m to £9.7m, while the profit slumped from £1.72m to £120,000. This is not surprising given the poor retail climate. Prologic is not paying a dividend - the previous year‘s dividend was 2p a share.
There is a change in make up of revenues with 53% or revenues recurring, against 45% the previous year.
There was a cash outflow during the year but net cash was £1.16m at the end of March 2009.
The shares recovered 0.5p to 34.5p each, which values Prologic at £3.45m.
Prologic says that sentiment has been improving since the beginning of spring.
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