Touchstar sees shallower than expected loss despite revenue miss

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 07:47

Data company for the retail and transport sectors Touchstar said it expected to post a shallower loss than the market was currently expecting due to margin improvement.

Revenue for the year through December was expected to be 'somewhat lower' than expectations, the company said.

However, that would be more than offset by higher margins, reflective of a move to more software-based sales and lower costs.

Looking to 2019, Touchstar said it expected to see a significant improvement in its performance despite raised levels of political and economic uncertainty.

Separately, the company said it was undertaking a structural review of its businesses.

The objective was to see how the group structure could be simplified to ensure that the company's focus was on sectors where it had a strong market position.

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