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Tungsten Corp widens FY pretax loss

By BFN News | 08:10 AM | Tuesday 08 July, 2014

Tungsten Corp widened its FY pretax loss to £11.14m for the 12 months to April 30, from a loss of £9.93 for the period Feb.2 2012 to April 30, 2013. Revenue was £10.8m, from nil. "Progress has been made in the key strategic areas as we build our business to integrate our e-Invoicing network with a financing platform and our spend analytics offering," the company said. "Once complete, we believe that we will have an unrivalled customer proposition. It is especially encouraging that major government departments in the US and Germany are using Tungsten to good effect," it said in a statement. "The Tungsten Group now has the building blocks in place to start the next phase in the growth of Tungsten and we all look forward to what FY2015 will bring". At 8:10am: (LON:TUNG) Tungsten Corporation share price was -4.75p at 285.25p Story provided by

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