LONDON (ShareCast) - Commercial property developer Artisan saw interim pre-tax profits slide as it announced a share consolidation.

Pre-tax profit fell to £709,000 compared with £1.7m last time on turnover that slipped to £15.7m from £16.3m previously.

The group said share reorganisation will be on the basis of 1 consolidated share for every 6,000 existing ordinary shares held, creating new consolidated shares of £30 each. Each consolidated share will then be sub-divided into 150 new ordinary shares of 20p each.

Character animation software firm DA Group saw turnover surge 225%, which helped the group narrow pre-tax profits.

Turnover for the six months to September rose to £350,000 compared with £107,000 while pre-tax profits narrowed to £871,000 from £981,000.

Business travel group Hogg Robinson said following enhanced security measures it witnessed a modest slowdown in demand for corporate travel in certain markets, which it believes will be temporary.

The group's interim results was positive as it swung back into pre-tax profits of £4.2m compared with the loss of £20.7m on turnover that rose 7.3% to £149.2m from the same period last year.

Independent TV producer Tinopolis said revenue and profitability in its original business continues to grow while the integration of its recently acquired Television Corporation is ‘going well.’

Turnover for the year to September surged to £47.3m from £10.4m last year as pre-tax profits crept over the £1m mark versus £862,000 last time.

Intellectual property support services provider RWS Holdings said sales and profits are at record levels for the third successive year since flotation in 2003. Sales increased by 13.7% to £40.8m with pre-tax profit before amortisation rising 21.5% to £9.04m.

China-based cement manufacturer Prosperity Minerals said revenues rose 49% to $164.5m as EBITDA increased to $27m from $19m previously.

Advanced Medical Solutions said the expected progress has been delivered during the second half, which means the company is trading at the top end of market expectations.

• News Channel