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Altitude reports narrower losses as revenue jumps
StockMarketWire.com
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Personalised products marketplace group Altitude reported slightly narrower losses for the 15-month period to May 2020 as a sharp uptick in revenue offset a rise in costs.
For the 15 month period to 31 March 2020, pre-tax losses were £2.67 million from £2.74 million a loss in 2018.
Revenue from continuing operations rose to £7.46 million from £2.1 million in 2018.
Gross margin increased to 89.7% from 73.1%, reflecting the added value services developed within AIM.
'Given, the presence of material uncertainty surrounding ongoing impact of Covid-19 the Company remains unable to give any guidance for the 12 month trading period to the end of March 2021...' the company said.
At 8:59am: (LON:ALT) Altitude Group PLC share price was -1.63p at 10.13p
Story provided by StockMarketWire.com
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