StockMarketWire.com - Digital technologies group Ixico operating losses more than halved in the six months to the end of March as revenue and margins grew.

Operating losses after tax was £0.3m in the period, compared with a loss of £0.7m the same period a year ago.

Revenue rose 30% to £2.9m from £2.3m amid an increased number of commercial projects, including three new contracts signed in the first half of the financial year, the company said. Operating expenditure fell to £2.5m from £2.6m the previous year.

For the post period, the company said its capital raise of £5.5m was oversubscribed, which 'reflects confidence in the ambitious goals that were set to build a specialist technology business of scale with a diverse international client base'.


At 10:19am: [LON:IXI] IXICO plc share price was 0p at 31.5p



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