Mobile Tornado FY Pretax Losses GBP2,675,000 Vs GBP2,219,000

8th Jun 2010 08:22

LONDON (Dow Jones)--Mobile Tornado Group Plc (MBT.LN), a leading provider of mobile applications to the enterprise market, announced Tuesday it made a pretax loss of GBP2,675,000 for the twelve month period to December 31, 2009, compared with a loss of GBP2,219,000. MAIN FACTS: -Revenue: GBP2,340,000 (2008: GBP466,000) -Loss per share: 1.45 pence (2008: Loss 1.20 pence) -Operating losses before exchange differences reduced significantly to GBP1,985,000 (2008: Loss GBP3,494,000) -Net Cash: GBP160,000 (2008: GBP206,000) -The Directors are unable to recommend the payment of a dividend -Launch of BB3G phone and sale of first 10,000 units to InTechnology plc (ITO.LN) -Launch of Push to Locate and Push to Alert giving company enhanced product suite alongside Push to Talk -Partnership with Psion Teklogix Inc in U.S. announced -Reorganization of Research and Development function in Israel reducing annualized cost base to c.GBP1.4 million -Shares at 0720 GMT up 0.63 pence, or 13.89%, at 5.13 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 08, 2010 03:22 ET (07:22 GMT)