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Nektan plc

Transformed Nektan eyes ‘break even’ comeback

‘B2B focused’ Nektan Plc remains confident that it can achieve EBITDA break-even results by the end of year trading.

Publishing its corporate results for the six-month period ending 31 December 2019 (H1 2019), Nektan recorded corporate revenues of £800,000, up 157% on corresponding H1 2018’s £310,000.

The London-AIM firm pointed to its improved commercial pipeline, which sees its software active across 34 brands.

Further improved topline metrics saw Nektan reduce its adjusted EBITDA losses to £1.65 million from the corresponding £1.77 million.

Nektan PLC (LON:NKTN) is a leading international gaming solutions and services provider. They serve the US and European markets, driving digital gaming transactions, through proprietary technologies that permit speed, flexibility and innovation.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.