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JSB post-float results beat expectations

But it still lost money since its AIM listing

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Web access control software specialist JSB Software yesterday reported that its first interim results since the company floated were ahead of budget. For the six months ended November 1998, JSB recorded a pre-tax loss of £373,000, which it described as significant improvement on the predicted £642,000 loss. Interim turnover also exceeded expectations at £1.76 million. This compares with a profit of £6000 for the year ended 31 May 98 on sales of £3.36 million. Since JSB floated on AIM last June it has launched its Surfcontrol range of products that allow businesses to stop their staff accessing sites not relevant to their jobs. JSB forecasted a full-year loss of £1.1 million. George Hayter, JSB chairman, outlined the company's main concerns for the full year: "Market share and brand awareness for Surfcontrol is of primary importance to us." In a separate company statement, JSB said it had further alliances in the pipeline and it would be considering acquisitions. JSB is based in the UK, with offices in Copenhagen and San Jose. ®

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