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Shares in TechFinancials slump following profit warning

21st August 2015 7:41 am GMT

London-listed binary options provider TechFinancials has warned that it will not meet market expectations with regard to revenue and profit for the full 2015 year following a disappointing performance from its customer-facing OptionFair business during the first half of the year.

The company said that revenue increased by 3 per cent to US$7.3m for the half year period, with a positive EBITDA, although this was negatively impacted by an increase in necessary research and development expenditure.

TechFinancials [...]

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