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Mobile payments company Mi-Pay posted a first-half loss, as expenses including R&D costs offset a rise in sales.
Pre-tax losses for the six months through June amounted to £98k, compared to losses of £146k on-year.
Revenue rose to £1.68m, up from £1.56m and the company broke even at the Ebitda level.
'We delivered further growth as consumers transferred to our on-line digital payment services, building on our previous periods of growth to Ebitda profitability,' chief executive Michael Dickerson said.
'We are pleased to have further supported this by extending two of our major contracts and expect these clients to increase their volumes over the longer term.'
'Our growth has enabled us to maintain our Ebitda break-even position for the 12 months to 30 June 2019.'
At 8:00am: (LON:MPAY) MiPay Group Plc share price was 0p at 7p