eXpansys, an online retailer of wireless technology, has reported revenues of GBP69.7 million for the year ended April 30, 2008, a 29% increase, compared to GBP54.1 million for the year ended April 30, 2007.The company reported that pre-tax loss widened to GBP2.5 million, compared to GBP0.8 million in the prior year. Gross profit margin was stable at 22.2%.Barry Roberts, chairman of eXpansys, said: "Overall, the outlook in all our markets remains challenging but, by taking steps to reduce our cost base earlier than many of our competitors, I believe that our position relative to them has been strengthened."While our first year as an AIM listed company has been a disappointment to all involved in the business, the board still believes that eXpansys has a profitable and exciting future and we have ended the year a stronger and leaner group, which is more focused on and prepared for the challenges and opportunities which lie ahead."
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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