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Energy retailer Yu Group booked a deeper first-half loss after it was forced to review its strategy following the identification of accounting errors last year.
Pre-tax losses for the six months through June amounted to £2.7m, compared to losses of £0.9m on-year.
Revenue rose 70% to £56.6m but the company said lower-margin legacy contract were still weighing on its performance.
'I'm pleased to report that our sales expansion is going to plan and the compliance and governance measures introduced are performing well,' chief executive Bobby Kalar said.
'While low-margin legacy contracts are still being washed through our accounts, we have taken action to improve our positioning.'
'I look forward to updating the market on our performance and growth ambitions.'