# Vipera PLC Another year of positive progress

- Link: https://www.directorstalkinterviews.com/vipera-plc-another-year-positive-progress/412734626
- Published: 2017-09-05T07:12:02+01:00
- Author: Giles Arbor

**Vipera Plc** (LON:VIP), the specialist provider of mobile financial services, 
has today announced its unaudited interim results for the six months ended 30 June
2017.

**Period Highlights:**

· Revenue €4.35 million: up 15% vs prior year (H1 2016: €3.78 million)

· Operating loss €0.56 million (H1 2016: €0.40 million), reflecting investment spend
to accelerate path to profitability

· Major contract won with major existing customer in Middle East

· Signed initial contracts with two financial institutions – in North America and
United Kingdom generated through new Mastercard partnership

**Post-Period Highlights:**

· Acquisition of SoftTelecom in Spain and establishment of Iberia presence

· €2.5 million subscription at premium to market price to finance acquisition and
raise expansion capital

· Dubai office opened

· Completion of Codd & Date reorganisation

> **Vipera Plc CEO Marco Casartelli commented,** “2017 has, so far, been another
> year of positive progress for Vipera, which has seen further growth in business
> with both existing and new customers, including wins in new geographies and in
> addition, the first two contracts with financial institutions generated through
> our partnership with Mastercard. We also completed the acquisition of SoftTelecom
> in Spain as part of our expansion strategy, which has provided us with an established
> presence in Iberia and additional technical resources. We are encouraged by the
> appetite for our solutions by the financial services and banking industry through
> a period of market uncertainty. We continue to strive to achieve the targets which
> we have set ourselves and look forward to progressing our growth further throughout
> the rest of this year.
> “We would like to take this opportunity to thank our continually supportive investor
> base and our employees for their hard work in the year to date.”

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