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27 Mar 2019 | 08:39

Online Blockchain posts loss; sees 'material' revenue coming by year end

Online Blockchain booked a first-half loss as it continued to develop its blockchain products.

Pre-tax losses for the six months through December amounted to £276k, compared to losses of £7k on-year.

Revenue fell to £26k, down from £32k.

'We have been working hard on our new blockchain products and are pleased to say that they will shortly be in test and generating revenue,' the company said.

'It is of course hard to predict new products' success but we are very excited at their potential and we believe they will generate material revenue before the year end.'

At 8:39am: (LON:OBC) Online Blockchain Plc Ord 5p share price was -2.5p at 19.5p

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