LONDON (Alliance News) – Totally PLC on Friday reported a wider pretax loss in the first half of 2017 as it invested in IT and its staff, but revenue grew following the acquisitions it made last year.
The out-of-hospital care provider said its pretax loss in the first half widened slightly to GBP982,000 from GBP844,000 in the first half of 2016, as administrative expenses increased to GBP1.8 million from GBP689,000 and it also booked amortisation charges.
Revenue, however, grew to GBP3.7 million from GBP936,000, following the integration of the three acquisitions Totally made in 2016.
“Whilst the first half of 2017 has seen slower than anticipated growth, we remain cautiously optimistic on the outcome for 2017 based on recent trading performance and the short-term pipeline of new opportunities,” Chairman Bob Holt said.
Shares in Totally were untraded at 48.00 pence on Friday.
By Karolina Kaminska; [email protected]; @KarolinaAllNews
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