Losses widen at medical test developer

Medical tests developer Abingdon Health today announced a boardroom reshuffle as it revealed losses at the group widened in the first half.

The York-based company said revenue for the six months to 31 December rose by 28% to £3.1m, while the adjusted EBITDA loss was £1.9m compared to £1.2m in the same period last year.

However, the company said it expects that revenue and EBITDA will be stronger in the second half following new contracts, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...