StockMarketWire.com - Travel platform for wealthy individuals Ten Lifestyle said it expected to post a shallower loss than current market expectations.

In a trading update for the year through August, the company said its revenue was expected to be in line with market expectations.

The adjusted Ebtida loss, however, would be 'ahead of market expectations'.

Year-end cash would be around £12m, with no debt.

'We are pleased that all new contracts announced during the financial year have either launched or are being rolled out in the coming months,' chief executive Alex Cheatle said.

'Ten is now engaged with new verticals, including the TMT sector and employee loyalty, as well as continuing its growth in the financial services industry.'

'The company's pipeline of new business remains strong.'

At 9:53am: [LON:TENG] Ten Lifestyle Group Plc share price was +8.5p at 123.5p



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