6pm Holdings plc issued its Interim Directors’ Statement on 19 May. The Directors stated that the results for the first half of 2008 are expected to be below those generated during the comparative period.
The Directors explained that 6pm has changed its business focus in order to focus on those areas that have a propensity to grow as a result of increased spending in certain public sectors, the consolidation of major technology vendors and increasing demand for specific skill sets.
The Directors confirmed that this strategy has been successful and 6pm secured new business in Health, Government Housing, Media and Government Agency sectors. The Directors explained that due to the implementation of this strategy, the Company experienced a slow start to the year but is expecting an improvement in the latter half of the financial year.
The Directors concluded by stating that 6pm is gaining significant expertise in Electronic Data Management Services (EDMS) which should lead to substantial contracts in support and maintenance. 6pm has also increased its Intellectual Property with products that directly correlate with new emerging areas of market opportunity.