Norman Broadbent books annual loss despite revenue rise

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Professional services company Norman Broadbent booked a full-year loss after rising revenue was more than offset by higher operating expenses and financing costs.

Pre-tax losses for the year through December amounted to £0.7m, compared to losses of £0.9m on-year.

Revenue rose 44% to £9.4m.

'Our 2018 results evidence continued positive momentum,' chief executive Mike Brennan said.

'They show positive trajectory in top line growth, and a further significant reduction of losses.'

'Our results have been driven by a strong and collegiate culture delivering high quality, impactful, and innovative solutions to clients.'