Vitesse reports reduced losses in H12014 and acquisition of Carduus Capital

vitessemediaRevenues for the six months ended July 2014 were ahead by 4% over the corresponding prior year period. The Group achieved a significant reduction in pre-tax losses, down by 48% to £72k and a corresponding reduction in the loss before depreciation, amortisation and share options, which was more than halved to £45k. In addition, the Group completed the issue of a £60k loan stock and secured for a nominal sum the acquisition of Carduus Capital, an FCA regulated business, in order to accelerate the regulatory approval of its crowd funding business.

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