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Appreciate narrows losses as revenue jumps 21% led by billings growth

By BFN News | 09:52 AM | Wednesday 27 November, 2019

Appreciate narrowed first-half losses as revenues rose by more than a fifth, led by a jump in billings growth. For the six months ended 30 September 2019, pre-tax losses narrowed to £1.3m from a loss of £1.5m on-year, and revenue increased by 21% to £33.2m. Billings grew by 13% to £40.1m benefiting from significantly increased customer numbers, the company said. An unchanged interim dividend of 1.05p per share was declared. Looking ahead, the company said it continued to expect the majority of annual revenues and profit would be generated in the second half of the year. At 9:52am: (LON:APP) share price was +0.7p at 48.6p Story provided by

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