Webis Holdings narrows FY pretax loss

Webis Holdings has narrowed its FY pretax loss to $1.23m, from a loss of $1.56m.

Turnover was $224.3m, from $154.4m.

"In summary, despite an overall loss reported on the year, the Board are very encouraged by the growth in the business, especially in the second half of the year and the first quarter of the new financial year," Webis said.

"There is clear evidence of achieving a critical mass in turnover which is vital to achieve profitability in the market.

"Equally importantly, the Board remains confident that the strategies adopted are regulatory compliant, correctly aligned and focussed to ensure the best prospects for future growth and a return to profitability."

At 9:47am: (LON:WEB) Webis Holdings PLC share price was -0.3p at 1.48p