Intelligent Environments H1 profit up on 2006
Intelligent Environments Group (AIM Ticker: IEN), the online software provider for financial services, today announces its results for the six months ended 30 June 2007.
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Highlights
- Revenues up 72% at £3.1 million (2006: £1.8 million)
- Operating profit up 47% at £0.2 million (2006: £0.1 million)
- Operating cash inflow of £0.4 million (2006: £0.2 million)
- Two significant partnerships concluded in the period
- New client - West Bromwich Building Society
Commenting on the interim results, Clive Richards, Chairman said, "We have continued to make encouraging progress in the first half. We have increased the profit and signed two new and valuable partnerships. We have seen growing demand from our existing customers too, and revenues arising from the implemented transactional model have begun to accelerate."
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