Porta Communications losses narrow as revenue rises
Source - SMW
Marketing group Porta Communications said annual losses narrowed as revenue rose and sales costs fell.
Pre-tax losses amounted to £3.0m, compared to losses of £5.1m in 2016, as revenue increased by 8% to £40.3m.
Adjusted Ebitda rose 20% to £2.8m.
'The board is confident that the group is now better positioned to achieve its growth targets as a result of the actions taken in 2017 to address the balance sheet and identify an appropriate senior management structure,' chairman John Foley said.
At 9:34am: (LON:PTCM) Porta Communications PLC share price was -0.48p at 3.15p