- Direct carrier billing company Boku said losses narrowed in the first half of the year as a sharp uptick in user growth underpinned revenue.

For the six months to 30 June, the company reported a loss before tax of $0.558m, compared with a loss of $6.42m a year ago, and revenue rose 66% to $16.9m.

Total Payment volume growth was up 153% to $1.5bn and the number of monthly active users on the company's platform rose by 117% at 10.3m.

Current trading to the end of August 2018 was also encouraging with total payment volume reaching $2.2bn and monthly active users increasing to 11.3m, the company said.

The company said it expects to meet recently upgraded full year market expectations.

At 10:14am: [LON:BOKU] Boku Inc. share price was -2p at 182p

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