Admerex narrows 2009 losses to $1.9m

Admerex narrows 2009 losses to $1.9m

Software and services company Admerex (ASX:ADL) significantly narrowed its 2009 losses to $1.9 million, from $18.4 million in the prior year.

Revenue grew to $2.49 million from $1.74 million, but losses from the company’s Philippines subsidiary and sales of its Temenos shares – as well as costs associated with winding up discontinued businesses – resulted in a loss.

Executive chairman Kim Goodall said the Admerex board remained committed to creating value for shareholders through the development of a sustainable business.

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Tags Admerexit servicesASXsoftwarefinancial results

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