Source - Alliance News

Team PLC - Jersey-based active fund management - Pretax loss for the six months ended March 31 narrows to £710,000 from £933,000 a year before. Revenue grows 63% to £1.0 million from £600,000. Attributes growth to new client opportunities.

Currently trades in line with management expectations. Remains on track to be cash positive once the acquisitions of Omega Financial Services Ltd and Concentric Group have gained regulatory approval and are integrated into the group. Omega was acquired in December and Concentric in May.

Current stock price: 63.90 pence

12-month change: down 14%

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