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@UK after-tax losses down 84%

By BFN News | 08:25 AM | Friday 30 March, 2012


After-tax losses at cloud ecommerce marketplace @UK fell by 84% to £88,534 in the year to the end of December. Turnover was up 15% at £2.3m and year-end cash increased to £420,246 (2010: £29,060) with a further £0.3m raised post year-end. Executive chairman Ronald Duncan said: "This has been the most successful year in @UK's history. "We have grown revenues and moved into a profitable position on a monthly basis, however, perhaps more importantly, we now have major reference sites which demonstrate the considerable savings our ecommerce offerings can provide both public and private sector organisations. "With a strong pipeline of customers for our ecommerce offerings both in the UK and internationally, an expanded sales team and a strengthened balance sheet, we look forward to another successful year in 2012." At 8:25am: (LON:ATUK) share price was +1.25p at 12.75p Story provided by StockMarketWire.com