StockMarketWire.com - People-screening technology supplier Thruvision Group said annual losses deepened, as growing unit sales was offset by higher spending on marketing and R&D plus costs associated with the disposal of its video business.

Losses in the year through March amounted to £19.6m, compared to losses of £16.7m a year earlier.

The business's performance came close to break-even in the second half, the company said, with an operating Ebitda loss of £0.1m recorded in the period.

'Following the disposal of the video business, the group has made significant strategic progress,' chief executive Colin Evans said.

'‎The tighter market focus and additional sales resource has resulted in a material pick up in sales for the group.'

'We are seeing growing momentum in the loss prevention and border control markets, building on our starting position in counter-terrorism.'

'This combined with a strengthening geographic footprint underpins the board's confidence that Thruvision is very well placed to become a leading new technology provider to the international security market.'




At 8:33am: [LON:THRU] Thruvision Group Plc share price was 0p at 14.5p



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