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MobilityOne Reports Revenue Hike Despite Losses

MobilityOne Reports Revenue Hike Despite Losses

Mobilityone (GB:MBO) has released an update.

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MobilityOne Limited has announced an increase in annual revenue to £241.67 million for the year ended December 31, 2023, driven by demand for its mobile phone prepaid airtime reload and bill payment services. However, the company faced a loss after tax of £1.41 million, attributed to higher costs and a loss from a recent acquisition. The suspension of trading on AIM is expected to be lifted following the publication of their annual report.

For further insights into GB:MBO stock, check out TipRanks’ Stock Analysis page.

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