TechFinancials Jeremy Lange says the company had an excellent first half

TechFinancials chief operating officer Jeremy Lange says the company had “an excellent performance” in the first half as he broke down the trading software group’s start to the year.
Lange highlighted that software licensing, which is one half of the business, has a strong six months whereas the group’s own platform has been particularly encouraging.
“We had difficulties in 2015. We made strategic changes, particularly entering into a joint venture, and that has been a tremendous success.”
Financial results for the six months ended June 30, released on Monday, revealed a swing into profit.
Profits for the half year to June came in at US$1.25mln against a small loss last time, while revenues jumped by 34% to US$9.86mln.

Quick facts: TechFinancials

Price: £0.04

Market: AIM
Market Cap: £3.4 m

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