Bango has released a trading update for the year ending March 31st, before it announced its annual results on June 12th. The revenues for the year are expected to be in excess of 10.3 million pounds (US$20.63 million), up from 7.5 million pounds (US$15 million) for the previous year. Revenue in the second half of the year was 27 percent greater than the first half (until September 30th) and 35 percent greater than the six months ending March 31st 2006. The company expects a loss of the year of about 2.8 million pounds (US$5.61 million) excluding share option costs. (via e-mail release)
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