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



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