IN BRIEF: 7digital Reports Improved Performance In Second Half

7digital Group PLC - London-headquartered digital music and radio services platform - Confirms it has achieved operational profitability in the last quarter of 2020 and revenue in second half of the year up on the first, in line with management expectations.

"As a consequence of new contracts ramping up in 2021, clients increasing their usage of 7digital's platform and deals in the pipeline, the Board envisages receiving incremental revenues from these customers and expects to report substantial year-on-year revenue growth in FY 2021, resulting in operational profitability for the full year 2021," says 7digital.

Current stock price: 1.4 pence

Year-to-date change: up sharply from 0.17p

By Lucy Heming; lucyheming@alliancenews.com

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