London-listed sports betting technology provider Sportech posted a net loss of £2.6m for the full 2018 year as revenue fell by 4 per cent to £63.7m.

Sportech said that after facing many challenges during the year, including a strategic review of the business, the company had commenced implementation of certain tasks to manage its cost base.

The results of this initiative helped Sportech offset a decline in revenue with a 19 per cent increase in adjusted EBITDA during 2018.

Premium subscribers continue here to the full article.

Related