Information  X 
Enter a valid email address

Idox books annual loss amid slight fall in sales

By BFN News | 10:02 AM | Monday 22 July, 2019


Information management company Idox reported a first-half loss amid broadly flat revenue and higher sales costs. Net losses for the six months through April amounted to £2.7m, narrowing from a loss of £40.4m on-year, when the company booked a large impairment charge. Revenue fell to £31.5m, down modestly from £31.8m. 'I am pleased by the progress we have made in such a short period of time,' chief executive David Meaden said. 'We have now addressed the many legacy issues the business faced and can focus on driving future performance, built upon our core strengths of software and deep domain understanding.' At 10:02am: (LON:IDOX) Idox Plc share price was -5.7p at 28.6p Story provided by StockMarketWire.com

a d v e r t i s e m e n t