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FreeSoft H1 loss narrows to HUF 131 mln

Hungarian software company FreeSoft's first-half consolidated loss narrowed to HUF 131 million from a HUF 257 million loss in the same period a year earlier, FreeSoft's consolidated IFRS report shows.

Revenue fell 4.6% to HUF 4.04 billion. But gross margin was practically unchanged at HUF 1.32 billion. FreeSoft booked a HUF 74 million loss at operating level.

FreeSoft had net assets of HUF 2.55 billion on June 30, down almost 5% from the end of 2009. (MTI - Econews)