Plexure Group narrows its 1H net loss on higher revenue, lower costs

Mon, 13 Nov 2017

By Rebecca Howard Nov. 14 (BusinessDesk) - Plexure Group, the mobile voucher firm formerly called VMob, reported a narrower net loss in the first half as it lifted revenue and continued to streamline the business. The result was ahead of guidance. The Auckland-based company said its net loss was $195,000, or 0.26 cents per share, in the six months to Sept 30, versus a loss of $3.7 million, or 4 cents, in the prior year. Total revenue lifted to $5.4 million from $3.6 million, while operating expenses fell to $5.6 million from $7.3 millio...

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