Reveneus for the six months to the end of September were down at RMB67.3m from RMB80.6m a year ago.

Gross profits were RMB38, compared with RMB40.6m in 2008 and the firm had cashof RMB49.3m - down from RMB67m.

Chief executive Xiao Gang said: "Trading for the six months ended 30 September 2009 has been steady and the board is satisfied with the company's performance which has been in line with its expectations. "Although these figures are behind comparatives for the same period last year, the realisation of new business revenue during the coming months, especially in December, and a number of expected contract wins, mean that the company is confident of achieving its revenue and profit targets for the year to 31 March 2010 and of its growth opportunities going forward."

Story provided by Business Financial Newswire