Arcontech posts a pre-tax profit of £302,329 for the year ended 30 June - up from £243,660 last time.

Arcontech - which provides products and services for real-time financial market data processing and trading - had a cash balance of £1,633,159 (2015: £1,069,755). Basis earnings per share rose to 0.027p from 0.023p.

Chairman Richard Last said: "We believe, as a result of continued product investment and from listening to our customers, we have a good product set that is suitable for our markets. Our focus is now fundamentally on winning new business and whilst we believe the opportunities for increased sales exist, the sales cycle remains longer than we would like. We also need to fully compensate for the reduction in revenue during the year from the Asian focused bank.

"Our prospects, however, whilst positive need to be tempered against uncertainties in the banking sector as a result of the low interest rate environment and potential issues following Brexit."