LONDON (Alliance News) - Software solutions provider Mirada PLC on Friday reported a narrowed interim loss on the back of higher revenue, after announcing a contract win with Mongolia-based communication services provider Skytel LLC.
Mirada shares were restored to trading on AIM on Friday afternoon after the results announcement. The stock is up 16% at 0.78 pence a share on Friday afternoon.
On Thursday, shares in the software solutions provider were suspended from trading on AIM after the company's public relations representative sent out its interim results, containing details of the Skytel contract at that time unannounced, by mistake.
For the six months ended September 30, Mirada posted a pretax loss of USD2.3 million, compared to USD2.9 million for the same period a year prior.
Revenue increased to USD5.6 million from USD3.5 million on the back of a "significant" increase in the rate of installation of new licences and increased services provided to its partner izzi telecom during the World Cup.
Chief Executive Officer Jose Vazquez said: "Mirada is showing healthy growth through the increased adoption of its technology across its customer base, resulting in increased revenues and margins, and providing return on the investment the group is making on its products."
Looking ahead, Mirada said it is confident for its future as it expects to add new customers.