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Nektan primed for growth in Europe and US despite £6.6m first half loss

31st March 2016 12:19 pm GMT

London-listed mobile gaming supplier Nektan said Thursday that it has taken strong action to reduce its ongoing monthly cost base by as much as 45 per cent, after recording a loss of £6.6m for the six month period ended December 31st.

The company’s monthly cost base will be reduced to £280,000 by April, which will also impact the level of monthly net gaming revenue at which the group will be EBITDA positive.

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