Sirius reported a small fall in revenue but an increase in operating profit (before goodwill) for the six months to 30 June 2004.

Sirius said total revenues were £10,398,000 compared to £10,404,000 for the same period in 2003.

The company also reported progress in changing its revenue model. It said recurring revenues were £3,743,000 this time around representing 36% of turnover compared with £3,254,000 or 31.3% in 2003.

Sirius said operating profit before goodwill amortisation was £509,000 for the first half of 2004 compared with £486,000 for 2003.