PCI-PAL says losses will be less than expected as revenue jumps

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Payments company PCI-PAL said it expected to report a narrower annual loss after it beat its revenue expectations for the first half.

Revenue in the six months through December had risen 72% year-on-year to £5.4 million.

'The board is pleased to report an excellent first half of the year,' PCI_PAL said.

'All of the group's key metrics are either at or ahead of management expectations, and as a result, the group anticipates that revenue and losses before tax will now be better than the current market expectations for the full year.'