StockMarketWire.com - Travel platform provider for wealthy individuals Ten Lifestyle posted a first-half loss after rising revenue was offset by higher operating expenses.
Pre-tax losses for the year through August amounted to £7.3m, compared to losses of £8.5m on-year.
Revenue rose 23% to £45.8m.
'I am pleased to report a strong year of growth across our entire business in line with expectations,' chief executive Alex Cheatle said.
'The significant investment we have made in expanding our footprint into new markets as well as in our proprietary technology has delivered a modest improvement in Ebitda margin and a clear path to delivering group profitability.'
At 8:03am: [LON:TENG] Ten Lifestyle Group Plc share price was +2p at 135p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.