Pinnacle Telecom 1H Loss Narrows 73%, To Seek New Acquisitions

24th Jun 2010 08:30

LONDON (Dow Jones)--Pinnacle Telecom Group PLC(PINN.LN), a provider of IP focused unified communications to the SME market, reported Thursday pretax loss narrowed by 73% for first half of fiscal 2010 and said it will continue to seek out new acquisitions. MAIN FACTS: -Revenue for the six months ended March 31 GBP3.1 million (2009: GBP1.1 million). -EBITDA GBP67,966 (2009: loss GBP378,279). -Pretax loss GBP136,005 (2009: loss GBP509,674). -Diluted loss per share 0.01 pence (2009: 0.04 pence). -Cash and cash equivalents GBP382,981 (2009: GBP175,490). -Shares at 0727 GMT up 0.08 pence or 19.2%, at 0.46 pence, valuing the company at GBP8.1 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires June 24, 2010 03:30 ET (07:30 GMT)