Mobile Tornado Group Plc issues trading update

  • Jan 03, 2020 GMT
  • Team Kalkine
  • The revenues for six months to 31 December 2019 are expected at £8 million
  • Full year revenues are expected at £3 million with EBITDA loss of £0.3 million
  • These are below expectations and are due to delay in full deployment of the company’s solutions with a government agency and a major public utility in Israel
  • On 3rd January 2020, at the time of writing, at GMT 10:12 AM, MBT shares were trading at GBX 3.50, down by 0.3 points or 7.89% against the previous day closing price.

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