Login/Register

Synchronica narrows losses

Company News

Synchronica narrows losses

Thu, 15 July 2010
Synchronica narrows losses

Mobile phone messaging technology group Synchronica reduced its losses sharply in the six months to June 30 as revenues soared.

Losses narrowed to £1.34m from £2.49m the previous year as revenues jumped to £3.43m from £1.33m.

Nearly all of Synchronica’s revenues during the period came from fees for 'Mobile Gateway', which enables mobile phone users to send emails and instant messages. The company, which is focused on fast-growing developing markets, is confident that sales of its latest messaging product, Mobile Gateway 5, will help it move towards profitability.

Synchronica has also had its first two orders for ‘MessagePhones’, Blackberry-like devices targeted at developing countries, in Africa and Latin America.

‘We have made significant progress over the past six months and expect to continue this accelerated momentum in the second half of the year,’ said chief executive Carsten Brinkschulte.

He added: ‘With a sustained commitment to innovative product development, in tandem with our global international reseller network of system integrators and device manufacturers, Synchronica is on its way to become the market leader for next-generation mobile messaging services in emerging markets.’

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 425.60 6.85 16:43
Tesco 185.40 5.46 16:55
Randgold Resources Ltd. 4,431.00 4.41 17:03
Morrison (Wm) Supermarkets 176.20 3.65 17:03
BHP Billiton 1,377.50 3.57 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,073.00 -3.25 17:01
SSE 1,624.00 -1.46 17:02
Smiths Group 1,072.00 -1.29 17:03
Sky 891.00 -1.22 16:43
Shire Plc 4,629.00 -1.13 17:15