LONDON (Alliance News) - Stilo International PLC on Wednesday said it is trading in line with its expectations, as it posted a rise in pretax profit for the first half of 2015.
The software and cloud content services provider proposed an interim dividend of 0.03 pence for the half year to end-June, in line with a year before.
Stilo reported a pretax profit of GBP161,000, up from GBP39,000 a year before, as revenue rose to GBP784,000 from GBP617,000 a year before. Revenue growth was driven by an increase in sales of the company's Migrate product, which helped offset a reduction in revenue from licences of its content processing platform OmniMark.
Development of its new product AuthorBridge, a web-based XML DITA authoring tool, is progressing well. It intends for a general release of the product for the end of 2015, and it expects sales of AuthorBridge to contribute to revenues later in 2016.
"The global market for dynamically publishing digital content to desktop computers, laptops, tablets and mobile devices is rapidly expanding. Trading in 2015 continues in line with management expectations. We look forward to continuing to build upon our leading position in the DITA XML content conversion market, and to the general release of AuthorBridge at the end of 2015, which will represent a significant milestone in the continuing evolution of Stilo," the company said in a statement.
Shares in Stilo were down 3.0% at 4.00 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
