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Sinosoft Technology
- BY: Andrew Hore |
- POSTED: 08/09/2008 |
Sinosoft Technology has reported flat interim profits of $1.5m.
There was an underlying improvement in profits because the corresponding period in 2007 included an investment gain of $488,000.
The Chinese e-government software supplier’s revenues grew from $3.63m to $5.31m in the six months to June 2008. Gross profits were higher but this was offset by increases in admin costs and research and development spending.
Sinosoft expects to continue to grow its revenues in the second half.
Sinosoft shares recovered 0.25p to 8.875p a share, valuing the software company at £14.7m.
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