Vipera Upbeat Even as Loss Widens -- Update
September 15 2015 - 7:27AM
Dow Jones News
(Updates throughout, adds detail.)
By Simon Zekaria
LONDON--Shares in Vipera PLC (VIP.LN) climbed Tuesday after the
provider of mobile financial services said it is looking to the
remainder of the year with optimism, even as it posted a widened
interim net loss on lower revenue.
The company made a net loss of EUR253,000 ($286,000) in the six
months ended June 30, compared with a loss of EUR274,000 in the
year-earlier period. Revenue fell to EUR2.63 million from EUR2.90
million.
"We are very pleased with the strong progress the company has
made over the last six months. We have secured some significant
contracts for major customers," said Chief Executive Marco
Casartellin, naming Deutsche Bank AG (DBK.XE) in partnership with
card company Mastercard Inc. (MA) and the Government Savings Bank
of Thailand.
Chairman Luciano Martucci said the company's full-year revenue
will show an increase year-over-year.
At 1030 GMT, Vipera shares were up 9.4% at 4.4 pence, valuing
the company at GBP10 million ($15.4 million). Sanlam Securities
analyst Amisha Chohan said the group is well placed to grow,
providing an opportunity for investors.
Write to Simon Zekaria at simon.zekaria@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 15, 2015 07:12 ET (11:12 GMT)
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