StockMarketWire.com - AppScatter Group saw annual losses widened on lower revenues and higher costs.

For the year ended 31 December 2018, pre-tax losses widened to £11.0m from £6.3m as revenue decreased by £1m to £085.

Costs cost of sales increased by £1.7m and administrative expenditure by £1.1m, with exceptional items of £0.9m also recorded for the year, all which combined to weigh down performance.

With the integration of Priori and appScatter now completed, the company said the expected benefits from the Priori acquisition were beginning to show through.

'Over the coming weeks we will be announcing new strategic partnerships and joint ventures aimed at boosting current revenues. Additionally, our R&D investment is expected to further increase revenues from recently completed new products,' it added.




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