No. of Recommendations: 0
Continuing losses reported by Gresham for the year ended 31st December 2007.

Group revenues £13.4m (2006: £14.5m)
Loss after tax £2.4m (2006: loss £0.4m)
Loss per share 4.74p (2006: loss 0.74p)
Cash at year end £2.3m (2006: £3.6m)

However, as always, the company remain optimistic about the future. Alan Howarth, the outgoing chairman, said:
I am pleased to report that our trading performance in Q1 2008 was significantly ahead of that seen in the comparative period with cash balances broadly similar to those held at 31 December 2007. We are working towards improving these results further during 2008 and beyond.
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