ANT gives shareholders a boost as it upgrades forecast

Written by George Osborn on . Posted in Software


ANT plc, a specialist in software solutions for Digital TV platforms, has announced better than anticipated results for the last calendar year.

In a trading update issued earlier today, the company announced increased revenues, up to £4.45 million from £4.35m, and lower pre-tax losses, down from £0.58m to £0.35m, for the year ending December 31 2011.

The results represent a significant boost for ANT after the company warned investors to expect disappointing final results in a trading update released on the 7 December last year due to concerns over the tough economic climate.

Final results for the company will be published on the 29 February 2012 but, with share prices up by as much as 8.8 per cent this morning, ANT looks to be on the up.

 

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