Intercede Sees 10% Jump In First Half Revenue, Narrowed Loss

LONDON (Alliance News) - Intercede Group PLC said Thursday that its revenue for the first half of ...

Alliance News 4 October, 2018 | 9:06AM
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LONDON (Alliance News) - Intercede Group PLC said Thursday that its revenue for the first half of the financial year is expected to come in 10% higher year-on-year, after a "strong end" to the six-month period.

The cybersecurity firm said the revenue is predicted to increase to GBP4.1 million from GBP3.7 million, in line with expectations.

Furthermore, the company said it expects its operating loss to be "substantially reduced" to less than GBP1 million. A year ago it posted operating loss of GBP3.1 million.

Intercede shares were trading up 5% at 31.50 pence each.

By Elena Cherubini; elenacherubini@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Intercede Group PLC 37.12 GBX -0.22 -
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