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Focus cuts operating loss by 0.4m

Focus Solutions has reduced its operating loss by 0.4m compared to the same period last year.

The group has released its unaudited six monthly results for the period to September 30, showing a 3 per cent increase in total revenue – from 2.7m to 2.8m.

It says first half trading is in line with expectations and its operating loss before reorganisation costs have reduced from 0.5m to 0.1m.

Focus’ operating loss before tax and interest have been cut from 0.6m to 0.3m.

Focus chief executive Richard Stevenson says: “The results for the first half of FY2007 show that the company is continuing to move forward. Revenues were up 3 per cent, however with careful management of the cost base we delivered a significantly improved performance. Over the past few months we have announced a series of major contract wins. The latest HSBC contract win is the most significant, awarded following eight months of consultancy work.”

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