StockMarketWire.com - Accesso Technology saw revenue below management expectations, though costs associated with the integration strategy were lower than originally anticipated, contributing to a lower than expected increase in the Group's expenditure base.

Revenue was down 6.8% from $54.4m to $50.7m.

The company also announced that the formal sale process which was announced on 24 July 2019 remains ongoing. The Company recently held management presentations with a number of interested parties and is expected to receive feedback by the end of September 2019.

Commenting on the results, Paul Noland, Chief Executive Officer of Accesso, said:

"Against this positive long-term backdrop, revenues in the first half have been below our internal expectations as the expansion of our distribution efforts, which remains an important element of our future plans, has taken somewhat longer than expected to take hold. Despite this, with our new strategic plan in place and moving forward, we are increasingly confident of seizing the significant opportunity before us."


At 8:04am: [LON:ACSO] Accesso Technology Group share price was -45p at 865p



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