Mobile money specialist Monitise has announced H1 2015 results in line with the January trading update. Turnover fell 9%, reflecting ongoing declines in licence revenues as the business transitions to new revenue models. The EBITDA loss grew to £30.8m, reflecting a 16pp decline in Development and Integration gross margin, and a 25% increase in OPEX, primarily due to recent acquisitions. More positively, a number of KPIs saw improvement, notably a 50% YoY increase in transaction value.