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16 Jul 2019 | 13:20

GRC International to post annual loss as investment spending weighs

Cyber security and data compliance company GRC International Group said it expected to post an adjusted annual loss after investing in new business areas and geographies.

In a trading update ahead of the release of its results next Monday, the company said its loss before tax, exceptional items and share based payments for the year through March would be around £5.1.

Revenue was expected at £15.8m and underlying Ebitda at £4.3m.

'The year ended 31 March 2019 was a year of significant investment in new business areas and geographies which, as expected, impacted short-term profitability,' GRG International said.

'Within the final quarter of the year ended 31 March 2019 the group saw a return to positive Ebitda and positive cash generation as the benefits of these investments came through.'

At 1:20pm: (LON:GRC) GRC International Group Plc share price was 0p at 55.5p

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