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ECSC Group misses IPO forecasts with deep annual loss

By BFN News | 02:55 PM | Tuesday 13 March, 2018


Cyber security provider ECSC Group posted an annual loss and said it had performed worse than expected at the time of its IPO. Operating losses sunk to £3.44m, compared to a loss of £0.63m a year earlier. Corporate decision-making cycles had been longer than anticipated, chief executive Ian Mann said. 'This has delayed conversion of the sales pipeline,' Mann said. 'As a result, our revenues and profits have fallen short of the levels planned at the IPO.' At 2:55pm: (LON:ECSC) ECSC Group Plc share price was -26p at 137.5p Story provided by StockMarketWire.com

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