30th Jan 2015 16:57
LONDON (Alliance News) - Healthcare services provider Ultrasis PLC Friday said its loss narrowed in its last financial year, on the back of strong revenue growth driven by a surge in invoiced sales.
The company reported a pretax loss of GBP1.4 million for the year to end-July, compared with a GBP2.8 million loss the year before, as revenue increased to GBP1.8 million, from GBP941,000.
Invoice sales increased to GBP2.0 million, from only GBP719,000 the year before.
Lower administrative expenses, down to GBP3.0 million from GBP3.7 million a year earlier, also helped the group narrow its losses.
"The group is looking ahead to maximise the significant financial and strategic investment made in both its human resource and physical estate during the past 12 months. We look forward to further progress in 2015," said Interim Executive Chairman John Smith in a statement.
Still, Ultrasis shares closed down 7.3% at 0.190 pence Friday.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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