The maiden losses included restructuring and disposal costs of pounds 434,000 and an exceptional pounds 150,000 paid in settlement of a legal dispute over building work at On Demand's Leeds headquarters.
The on-line information company increased its turnover 32 per cent to pounds 11.8m, but pounds 9.3m of sales were accounted for by its discontinued marketing services business.
Graham Poulter, chairman, said: 'We have spent five years developing the technology, and are now concentrating on databases.' For an annual fee of pounds 2,000- pounds 5,000 customers can transfer information from the company's central computer to their own PCs in a variety of formats, including video. Mr Poulter said the company had identified 100 vertical markets to target.
On Demand recently launched a construction industry service, which it said had 180 subscribers. Last month it bought from Yorkshire Television a health video for GPs. It plans to market health information services to trust hospitals and is developing financial and retail databases. The shares were unchanged at 101p.Reuse content