Looking back, I could also reproduce last year’s post (just change the dates and the detailed figures)….
The Styles & Wood UK-based IT subsidiary, iSite, which “provides clients with technology based property information solutions that store, manage and communicate critical data relating to their property portfolio and associated property activities,” has seen revenues drop in the first six months of 2013, compared to the same period in 2012.
An interim report from the parent group again talks about challenging marketing conditions. iSite generated revenues of £0.632m, and a profit of £41k in the six months to 30 June, compared to £0.738m and £65k a flat year earlier – the squeeze on margins appears to be continuing (“Margins were lower than prior year as we invested in new products and services”). In previous years, the business has enjoyed a better second half-year, so the picture may yet improve.