Half-year results from healthcare solutions provider and publisher Totally (LON:TLY) proved a pleasant surprise.
The shares were the best performers in London on Thursday as the company said it hopes to move into the black by the end of the year.
The group made a loss before interest, tax, depreciation and amortisation of £69,000 in the first half of 2015, which represented a significant improvement from last year's loss of £267,000.
“The gap to profitability across the group is closing and is expected to improve in the second half of the year with a monthly profit expected to be maintained by Q4 2015 or earlier,” said Donald Baladasan, chief financial officer.
Revenue surged to £418.000 from £196,000 the year before, and the group said its overall pipeline continues to grow.
The General Election had the effect of delaying some purchasing decisions across the National Health Service (NHS) but Totally's sales people are confident of landing some new clients in the second half of the year.
The group's principal activities are the design, implementation and delivery of service to the healthcare sector, both NHS and private sector, with the aim of reducing the workload of the health sector.
Totally's shares soared 50% to 0.3p but are still at roughly half the level they were at a year ago.