Sirius opitimistic as cash-flow improves

Sirius Financial Systems recorded an improved operating cashflow of £1.3m for the half year, compared to £8,000 in the same period last year, despite a slight fall in total revenue.

The software house recorded revenues of £10.39m compared to £10.4m in the same period last year, and an improved operating profit before goodwill amortisation of £509,000.

The company said the figures represented a profit turnaround on the second half of 2003 when the group incurred an operating loss before goodwill

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