News blog

ServicePower Technologies

  • BY: Andrew Hore |
  • POSTED: 26/07/2013 |

Mark Duffin has stepped down as chief executive of scheduling software provider ServicePower Technologies.

Duffin, who has been chief executive since November 2007, continues to be employed and he has a 12 month notice period. He is on gardening leaving and remains a director.

At 4.75p a share, up 0.5p, ServicePower is valued at £9.5m.

US-based finance director Marne Martin, who was previously at Norcon and joined ServicePower in January, will be interim chief executive. FinnCap is broker to Norcon and ServicePower.

First half revenues have improved by 35% but the company is still making a loss. However, a foreign exchange gain will generate an overall interim profit. At the time of the 2012 results management said that it was confident that the company would be profitable in 2013. It is unlikely they were including foreign exchange gains in this.

Net cash was £2.5m at the end of 2012.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds