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Concepta losses narrow on lower costs, higher revenue

By BFN News | 09:00 AM | Friday 29 May, 2020


Healthcare company Concepta reported narrower losses on lower costs and higher revenue. For the year ended 31 December 2019, pre-tax losses narrowed to £2.49m from £2.85m on-year as revenue increased to £32K from £4.8K. During the year 2019, the group commenced generating revenues in the UK following the receipt of CE Mark certification for myLotus branded products. Administration costs, including share-based payments, fell to £2m from £2.3m. 'Underpinned by our increasing focus on the digital marketing and education effort from mid-2020, we expect to see good commercial traction of myLotus and take advantage of up-coming connected personal diagnostic technology innovation and industry know-how to drive our growth strategy,' the company said. At 9:00am: (LON:CPT) Concepta Plc share price was -0.05p at 1.4p Story provided by StockMarketWire.com

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