StockMarketWire.com - Credit and personal data group Intercede posted a narrower first-half loss amid a rise in sales and lower staff costs.

Pre-tax losses for the six months through September amounted to £0.26m, compared to losses of £0.90m on-year.

Revenue rose 5% to £4.4m and operating expenses fell 9% to £4.3m, which the company said reflected staff cost savings and continued tight control of overheads.

'The results we are announcing today do not represent the full story of the progress that has been made to refocus the group's strategy towards sustainable revenue growth and profitability,' chairman Chuck Pol said.

'The return to a first-half operating profit, the first time this has been achieved for six years, is an important milestone.'

'The laser focus on our new strategy is evident, particularly in the growth of our cash balances and our dedication to writing the best code in the industry.'

'There remains further work to be done, but the direction of travel and momentum in the business reflects the considerable achievements of the Intercede team to date - we remain on track.'


At 2:32pm: [LON:IGP] Intercede Group PLC share price was +1p at 34.5p



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