5th Jul 2019 10:02
(Alliance News) - Mirada PLC sold its subsidiary Mirada Connect Ltd to cashless parking payment solution provider PayByPhone, the company said on Friday.
Mirada, which provides software and services to digital television operators, will receive GBP2.1 million from the sale.
Shares in Mirada PLC rose 1.2% to 0.84 pence in London after the sale was announced on Friday morning.
Mirada Connect, which also provides a cashless method of paying for car parking, was not a "core business", its former parent company said.
In the year ended March 31, Mirada Connect recorded pretax profit of GBP122,000 on revenue of GBP633,000.
Related Shares:
MIRA.L