Mobile Tornado enters South African market and narrows its losses

Communications provider Mobile Tornado has narrowed losses and entered the South African market. The Harrogate-based company, which provides instant communication software that can be used on mobile phones, has reported its half year results to 30 June, which show pre-tax losses dropped to £1.06m from £1.56m in the previous year. However, the firm saw its operating expenses increase 14% to £2.09m, which they said was due to the depreciation of sterling. In the period, Mobile Tornado launched with two Mobile Network Opera... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
Close