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Cost cutting boosts Synchronica

By BFN News | 12:59 PM | Monday 16 January, 2012


Synchronica announced last that it expects to report full year revenues of approximately $23m for the year ended 31 December 2011. It has now revealed that, according to unaudited data from its internal management reports, the company was profitable at the EBITDA level for the months of November and December 2011, subsequent to the significant cost-reduction initiatives recently implemented. At 12:59pm: (LON:SYNC) share price was +1p at 13.25p Story provided by StockMarketWire.com

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