Malvern International sees losses narrowing

Malvern International said it expected losses for the year to more than half after it boosted revenue from its educational services offering.

Pre-tax losses are expected at £0.6m, compared to a £1.3m loss in the previous year.

Revenue was expected to be slightly higher at £4m after growing by 25% in the second half.

"2017 as a whole, and in particular the second half, has seen improvement in the Group's performance and an upward trajectory is now discernible," chairman Gopinath Pillai said.