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Interim Results 2007

Lombard Risk Management plc (the "Company")
21st December 2007

The Board of Lombard Risk Management plc ('AIM: LRM'), a leading risk management, valuation and regulatory reporting software company, announces today interim results for the half year to 30 September 2007.

Key points:

  • Significant forward momentum with surge of billings towards end of period well ahead of previous year and pointing towards significant year on year revenue growth;
  • Several large deals concluded in period with three new deals each worth in excess of £300,000 and several more worth in excess of £100,000;
  • Revenue £3.88m (excluding disposal group £3.68m), (2006: £3.46m);
  • Loss after tax £1.06m (excluding disposal group £0.86m), (2006: £0.96m);
  • Basel 2 regulatory changes will benefit STB Systems in following periods and Software businesses look set for overall profitability in the second half of the year;
  • Shanghai operation now well established and more operational integration of the Group’s businesses.


Commenting, Chairman and CEO, John Wisbey, said:

“The Group has so far seen virtually no signs at all of a slowdown in spending by banks in those areas affecting the Group’s core businesses. Looking forward to the rest of the financial year, the main priority for the Group is successfully to keep all its regulatory projects on schedule.”


The full results are available here: Interim Results 2007


Enquiries:

Lombard Risk Management plc:
John Wisbey
Chairman and CEO
Tel : +44 (0)20 7384 5000

Noble & Company (Nominated Advisors)
Matthew Hall, Director
Tel: +44 20 7763 2200

Bishopsgate Communications Ltd
Jenni Herbert, Account Director
Tel: +44 (0)20 7562 3350

Click here to email Lombard Risk's Investor Relations team

 

 

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