Mobile Tornado (GB:MBT) has released an update.
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Mobile Tornado Group PLC faced a 16% drop in total revenue to £1.06 million in the first half of 2024, recording a pre-tax loss of £0.60 million, with a slight improvement in net cash inflow from operations. Despite the decrease in recurring and non-recurring revenues, the company signed several new partner deals and launched new services, including a significant agreement with Zain Iraq, as part of a wider business development strategy to expand its international market presence.
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