Final Results for the year ended 30 April 2019
(WorldNews Africa)

TUNGSTEN CORPORATION PLC (`Tungsten`, the `Company` or `Group`) 22 July 2019 RESULTS FOR FINANCIAL YEAR ENDED 30 APRIL 2019 £m(1) Group results (including TNF) Group results (excluding TNF) (2) FY19 FY18 FY19 FY18 Revenue 36.0 33.7 35.4 33.3 Adjusted operating expenses (3) (33.5) (36.0) (31.0) (34.3) EBITDA (4) 0.6 (4.6) 2.5 (3.3) EBITDA margin (5) 2% (14%) 7% (10%) Operating loss (5.2) (12.1) (2.6) (10.5) Loss for the year (3.4) (11.9) (0.6) (10.1) Cash - net 2.8 6.4 2.6 5.8 Transaction volumes (6) 18.2 17.7 18.2 17.7 Financial Highlights (7) · First annual EBITDA profit of £2.5 million in FY19 (FY18: £(3.3) million EBITDA loss) · Revenue growth of 6.1% to £35.4 million in FY19 (FY18: 7.1%)...