5th Jun 2015 14:06
LONDON (Alliance News) - Digital healthcare services company Totally PLC posted a narrowed pretax loss for 2014 due to lower cost of sales, and said that it has turned to a modest profit in the first quarter of 2014 as it continues to control costs.
The company posted a pretax loss of GBP438,000 for 2014, narrowed from a pretax loss of GBP731,000 in 2013, as a decline in revenue to GBP609,000 from GBP878,000 was offset by a significant drop in cost of sales to GBP180,000 from GBP698,000. Totally said it had broken even on a monthly basis in the last few months of 2014.
Totally said that during 2014 it began working with many new clinical commissioning groups across the UK, including in London and the North of England. It also added diabetes and congestive heart failure to its portfolio of services.
It continued to work with the NHS in England, and will be implementing its first project with the British Lung Foundation and Somerset clinical commissioning group during the summer of 2015.
Totally undertook market research during the year, and following on from this, plans to launch a direct-to-consumer model across the UK during 2015.
Shares in Totally are trading down 16% at 0.251 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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