Reuters.com, 08.09.11, Russia's Sitronics says Q2 net loss down 28 percent
Russian technology group Sitronics (SITRIq.L) said on Thursday its net loss fell 28 percent year on year to $ 21.8 million, while reiterating a full-year revenue growth forecast of 15-20 percent.
"We remain on track with our long term strategy and have a healthy forward pipeline of $650 million of secured revenues for the second half of the year," President Sergei Aslanian said in a statement.
The company, part of oil-to-telecoms conglomerate Sistema (SSAq.L), provides IT services as well as swipe cards for bank and public transport users.
Its London-listed shares were untraded at 0847 GMT, and are down more than 40 percent this year.
(Reporting By John Bowker, Editing by Lidia Kelly)