(MENAFN) Arria NLG PLC posted a narrowed pretax loss for its first half due to lower amortization and other administrative costs, and said its focus in the second half will be on transitioning new clients, 4-traders reported.
The software and technology company posted a pretax loss of USD3.9 million for the half year to end-March, narrowed from a pretax loss of USD8.17 million a year before, as revenue rose to USD1.4 million from USD518,000.
Arria NLG attributed its revenue growth to a full period of its contract with a unit of FTSE-100 listed Royal Dutch Shell PLC. The company raised USD5.89 million in the first phase of its funding plan.
"I am delighted we have concluded this next stage of our capital raising, which provides stability and support to our current operations," Chairman and Chief Executive said in a statement.
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