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Synchronica’s profits yet to come in black even as revenues increase seven-fold for H1 09
TT Correspondent |  New Delhi |  23 Sep 2009

Mobile email solution provider, Synchronica registered a seven-fold increase in revenues from £0.19m in H1 08 to £1.33m for the six month period ended June 30, 2009.

The firm managed to narrow down its loss by 14 % to £2.34 million. Loss before Tax was down 12 % to £2.49 million. Administrative costs were up 15 % to £3.34 million.

Carsten Brinkschulte, CEO of Synchronica, said, “Given the large potential of our expanding target markets, our growing network of resellers worldwide, our strong pipeline of prospects, and the launch of the low cost mobile devices which is on track for release later this year, the Board believes that the growth prospects for the Company are excellent and we are confident of meeting market expectations for the full year as we move towards sustainable profitability the following year.”

    
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23 Sep 2009(IST)  
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