Datatrak Holdings plc – Approval of Interim Results

Datatrak Holdings plc – Approval of Interim Results

Datatrak Holdings plc announced that at a meeting of the directors the interim financial statements for the financial period ended 30 June 2008 were approved. At the same Board Meeting the Audit Committee for the current Financial Year was appointed and the members are Mr Anthony Demajo (Chairman), Mr Maurice Mizzi and Mr George Gregory.

The Group registered a turnover of EUR 1.6 million, compared to the turnover of EUR 1.45 million in 2007, over the six months ended 30 June 2008. The increase in turnover over 2007 has been achieved notwithstanding marginal decreases in revenue across all the subsidiaries with the exception of Datatrak IT Services Ltd which in turn registered marginally higher revenues primarily due to hardware sales in the UK. A loss before tax of EUR 116,596 was reported by the Group, 10% less compared to the loss before tax of  EUR 129,807 registered in 2007. The Group loss for the period was mainly due to the one time restructuring costs that took place in the first 6 months of 2008 together with an increase in salaries arising from the strengthening of the IT compliment within the Group to service both local and international clients. The Interim Financial Statements can be viewed from the below link.

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