Feeds

Profits slip for Dialog

First half is a tale of mixed fortunes

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Dialog's pre-tax profits dropped to £1.7 million from last year's £7 million, for the six months ended 30 June. The database provider saw sales fall slightly to £87.3 million from £88.8 million for the same period last year. Results for the second quarter were up on the first quarter – net profit grew 200 per cent to £1.3 million and turnover rose 4.6 per cent to £44.7 million. London-based Dialog blamed falling profits for the first six months of on increasing costs and rising interest payments. Allen Thomas, chairman of Dialog, said the company was still in talks regarding refinancing its considerable debt. "Discussions continue regarding refinancing of the group's debt so as to release internally generated cash from operations," said Thomas. Dialog's newly appointed financial advisors, Chase Manhattan Bank and Salomon Smith Barney, were in talks with a number of parties, he added. Analyst Richard Holway commented: "I have always believed that Dialog has considerable potential. But the debt and management style of Dan Wagner [chief executive] are serious millstones. "Whereas other Internet stocks (and Dialog has more claim to be one than most others) get given high ratings on zero revenues and large losses, Dialog will still have to demonstrate its worth first by producing some good positive results." ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.