Atlantic expects to go back into the black
SOFTWARE firm Atlantic Global said it expects to be back in the black for the full year after announcing losses of around £51,000 in 2006.
The Cleckheaton-based firm said it expects to swing to a pre-tax profit of around £275,000 with revenues expected to rise by about 17% to £2.3m.
The company also said it will propose a dividend of not less than 0.25p a share for the year to end-December, in light of the company's return to profitability and its confidence in the prospects for 2008.
Atlantic Global develops innovative software to enable organisations to monitor, manage and model key elements of business including resources, skills and costs.
Its flagship products – Corporate Vision and Project Portfolio Management (PPM) – offers businesses software which provides real-time, role-based view of business operations and allows them to manage multiple projects.
Atlantic Global's customer base includes Aircom International; Barclays; GlaxoSmithKline; Norwich Union; Aviva; Provident Financial; Kingston Communications; National Assembley of Wales; Tiscali, Capita National Strategies and Virgin Mobile.
