CSF Group slashes H1 losses
Data centre facilities provider CSF Group slashed its first half losses from 88.7m Malaysian Ringgit (£1.68m) to 6.4m Malaysian Ringgit.
CSF Group
0.70p
13:59 01/02/19
The group, the largest provider of data centre services in Malaysia, said revenue rose from 45.3m Malaysian Ringgit to 47.5m Malaysian Ringgit in the six months ended 30 September.
"The board believes that the key strategic initiatives that are being undertaken have positioned the business in the right direction and although these actions are still yet to bear fruit, the Board remains focused on these plans going forwards," said group chairman Phil Cartmell.
"The board and management team continue to follow-up on the key strategies and pursue the pipeline of potential customers and business alliances. An update will be made to shareholders on this progress in due course."
CSF shares were 1.18% to at 2.15p at 13:42 on Friday.