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Brave Bison losses narrow after low margin product cut

By BFN News | 02:36 PM | Tuesday 31 July, 2018

Social video marketing company Brave Bison Group said its interim losses narrowed after it terminated a low-margin product. Pre-tax losses for the six months through June amounted to £415k, compared to a loss of £2.2m a year earlier. The termination of the contract sent revenue down 11% to £9.3m. 'When I took over the role as CEO of Brave Bison almost 10 months ago I said I could see 'green shoots' of opportunity after a period of upheaval,' chief executive Claire Hungate said. 'The business required focus and nurturing in a fast changing, highly competitive and fragmented market.' 'These half year results show growth and consolidation as we begin to see the benefits of our new direction powered by strategy, origination and distribution.' 'We've streamlined the business in preparation for strategic investment to deliver future growth, and we will continue to see delivery on this investment as we head into 2019.' At 2:36pm: (LON:BBSN) Brave Bison Group Plc share price was -0.15p at 1.75p Story provided by

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