The progress that TyraTech achieved in 2016 has continued into the first half of 2017 with adjusted EBITDA loss reduced by 58% to US$601k (H1 2016: $1,432k). Double digit growth in net revenues provided impetus to the results, as did a reduction in the cost base of 14% and a 21% reduction in sales discounts and slotting fees. The adjusted loss before tax of $651k is in line with our expectations for the full year of a loss of $1m and so we are happy to leave forecasts for 2017 unchanged. Cash bu ....
12 Sep 2017
Achieving good momentum with limited resources
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Achieving good momentum with limited resources
The progress that TyraTech achieved in 2016 has continued into the first half of 2017 with adjusted EBITDA loss reduced by 58% to US$601k (H1 2016: $1,432k). Double digit growth in net revenues provided impetus to the results, as did a reduction in the cost base of 14% and a 21% reduction in sales discounts and slotting fees. The adjusted loss before tax of $651k is in line with our expectations for the full year of a loss of $1m and so we are happy to leave forecasts for 2017 unchanged. Cash bu ....