- Operating losses at IXICO - the digital technologies company serving neuroscience - narrowed to £0.8m in the six months to the end of March from £1.1m last time.

Revenue increased by 31% to £2.0m and gross profit margins rose to 56% (2016: 49%).

Losses before interest, tax, depreciation and amortisation fell to £0.4m (2016: £1.0m).

Chief executive Giulio Cerroni said: "Our operational performance in the first half of this financial year has delivered a strong increase in revenue, improved gross profit margin performance and reduced losses.

"As we proceed into the second half I am excited to be executing plans that focus on accelerating our growth through optimising operational delivery and our integrated digital technologies to drive scale and commercial success."

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