IT solutions and services provider 6PM Holdings plc has begun to see changes in the tough market conditions it had been experiencing and its outlook for 2010-2011 is "cautiously optimistic", a company announcement to the Malta Stock Exchange said on Wednesday.

"There has been an appreciable increase in interest for our product solutions in the UK health sector and we have recently won some new, small pieces of work in other sectors, particularly in Malta," the company said.

Despite a slight strengthening of the pound against the euro this year, 6PM did not expect a sustainable return to former ratios until beyond next year.

The company will continue to deliver services locally where possible to minimise the impact of the rate of exchange on logistics costs.

6PM said it strengthened relations with big players in related sectors in the second half of the financial year. The company added it had fostered good relations with many major global software vendors and was collaborating with many on a shared risk and reward basis.

The company pointed out it now had a suite of product solutions that fit 'hand in glove' with many of the requirements emerging from the UK health sector.

6PM Holdings plc was listed on the Malta Stock Exchange in 2007. Its subsidiaries include 6PM Management Consultancy (UK) Ltd and 6PM Limited in Malta.

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