The Register® — Biting the hand that feeds IT

Durlacher burned by dotcoms and telecoms

Will make 'substantial trading loss' for year

New technology backer, Durlacher, is going to post a 'substantial trading loss' for the year ended 30 June, because the market hasn't been going well, and in fact 'worsened over the past few months.'

And things aren't going to improve too quickly. In a statement the company said: "The current market environment [in the technology, media, telecoms sector] remains very challenging and in recognising that these conditions may continue for some time, the Group is concentrating resources on revenue generating activities."

Last year the company announced pre tax profits of £12.2 million for the year to June 30 - an increase of 356 per cent on last year. Turnover was up from £13.2 million last year to £28.5 million and its market capitalisation increased to £320 million, up from £64 million. ®

Related Stories

Durlacher gets ology despite good dotcom results
Durlacher falls on Net Imperative collapse

IT is evolving the UK workforce, read more here

Don’t Miss

email symbolStill sending naked email? Get your protection here

Security How-to Buckle your seatbelt, encrypt your bits

Google's Satan phoneT-Mobile G1 Google Android-based smartphone

Review Operating System 1, Hardware 0

Ubuntu teaser Ubuntu 8.10 - All Hail new Network Manager

Review The good kind of UI theft

OpenOffice_logoOpenOffice 3.0 - the only option for masochistic Linux users

Review And linear optimizing Mactards