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Nasstar widens H1 pretax loss

By BFN News | 09:05 AM | Monday 15 September, 2014


Nasstar widened its H1 pretax loss to £1.2m, from a loss of £0.57m. Revenue was £5.0m, from £1.0m. Nigel Redwood, Chief Executive Officer of Nasstar, commented: "The integration of the e-know.net acquisition with Nasstar UK has been executed as expected, resulting in the first half of the year progressing positively and trading is in line with management expectations. "I am very excited by the further acquisition of Kamanchi, which further enhances our standing in one of our core vertical markets and adds considerable user numbers to our Hosted Desktop community. This acquisition supports our stated strategy of focusing on direct vertical markets, further securing the Group's foothold in both the legal and recruitment sectors. "I remain optimistic about the remaining half of the year and believe we are progressing comfortably in line with full year expectations." At 9:05am: (LON:NASA) Nasstar PLC share price was +0.38p at 8.75p Story provided by StockMarketWire.com

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