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Tribal Group materially narrows FY pretax loss

By BFN News | 09:59 AM | Thursday 30 March, 2017

Tribal Group has materially narrowed its FY pretax loss to £864,000, from a year-previous loss of £47.3m. Revenue was £90.3m, from £106.7m. Tribal noted that annual recurring revenue rose 7% to £32.4m. CEO Ian Bowles said that while there remained much to do in driving operational efficiency, he saw the business momentum built in 2016 continuing into 2017 and beyond. "Our software and services portfolio, market leading position and international customer base provides a strong platform from which to build sustainable shareholder value," said Bowles. At 9:59am: (LON:TRB) Tribal Group PLC share price was +0.75p at 81.25p Story provided by

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