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Toople says orders growing, margins improving

Wed, 17th Mar 2021

Telecom services provider to businesses Toople said its monthly orders were continuing to grow and gross margins were 'materially higher' than the pre-pandemic period. 'This has enabled monthly cash burn to be reduced by 60% compared with 2020 and this trend is expected to be sustained, moving the company towards positive cash flow,' it said in a trading update. 'The directors believe that trading will continue to demonstrate significant progress as the current UK lockdown begins to ease and the economy moves towards the post-pandemic period.' Story provided by

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