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Date: Friday 10 Oct 2008

LONDON (ShareCast) - Strategic Thought is nearing profitability after revenues from its core enterprise risk management operations increased by 67% to £3.4m in the six months to 30 September 2008.

It said licence sales for Active Risk Manager, the firm’s risk management software solution, are expected to have doubled, with a strong performance from Europe offsetting a weak US display.

Overall group revenue is seen up 11% to £6.8m, the loss before interest, tax, share based payments, amortisation and exceptional items at about £200,000 and cash at £2.8m.

Last year’s interims revealed the deficit doubled to £800,000, but full year figures, announced in June, showed losses reduced to £250,000 from £410,000 in 2007.

An update on prospects for the full year will be made with the half year results at the end of November.

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