LONDON (Alliance News) - Ten Lifestyle Group PLC said Tuesday it expects annual net revenue to be in line with market expectations, as its pipeline of new business remains strong.
Furthermore, the lifestyle and travel platform said that it expects its cash position to be ahead of market views.
"Previously announced new major corporate client contracts, as well as new contracts launched in the early first half, have rolled out as anticipated in the second half," the company said.
The company will publish its results for the year ended August 31 on November 28. Ten Lifestyle listed on AIM in November last year. It reported a half-year pretax loss of GBP4.8 million, partly due to the costs of listing, on revenue of GBP18.2 million.
Shares in the group were trading up 0.6% at 90.02 pence each.
Ten Life (TENG)