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Tungsten Corp narrows H1 pretax loss

By BFN News | 07:40 AM | Wednesday 08 January, 2014


Tungsten Corp narrowed its H1 pretax loss to £5.6m, from a loss of £8.9m. Revenue was £0.829m, from nil the prior year. Most of the loss was due to administrative expenses. "There has been good progress made since the acquisition of OB10 in preparing the business to be integrated with a financing platform and our spend analytics offering; and there are positive signs of the continued growth in the volume and value of invoices processed through the network," the company said in a statement. "Our first weeks of ownership of OB10 have confirmed to us the exciting opportunity we identified at the outset." Story provided by StockMarketWire.com

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