Touchstar posts first-half loss as restructuring costs weigh

Writer, Stock Market Wire
Tuesday, September 10, 2019 - 14:55

Mobile data technology provider Touchstar posted a first-half loss, as rising revenue was offset by restructuring costs.

Pre-tax losses for the six months through June amounted to £0.53m, compared to losses of £0.59m on year.

Revenue rose 16% to £3.64m.

'The levels of engagement and customer interest in our new generation of products continues to develop favorably,' chairman Ian Martin said.

'It is thus pleasing to report that the confident words of the past have turned into positive fact.'

At 2:55pm: (LON:TST) Touchstar Plc share price was +1.5p at 39p

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