FD Technologies Plc (FDP.L), a software solutions provider, on Tuesday reported a wider pre-tax loss for the first-half, reflecting decreased revenue and higher costs.
For the six-month period to August 31, the company posted a pre-tax loss of 11.074 million pounds, compared with restated loss of 1.615 million pounds, recorded for the same period last year.
Net loss stood at 15.394 million pounds or 54.6 pence per share as against last year's restated loss of 6.228 million pounds or 22.2 pence per share.
Total operating costs rose to 58.935 million pounds from restated 50.774 million pounds in 2023.
Revenue slipped to 118.254 million pounds from last year's restated 126.758 million pounds. This reflects a 12 percent decline in revenue from First Derivative to 78.8 million pounds from the previous year's 89.1 million pounds.
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