Monitise upbeat though yet to break even

Full stock market listing on the cards

Mobile money specialist Monitise notched up a pre-tax loss of around £10 million in the final six months of 2013, latest figures reveal, despite stated ambitions to break even during the year. It adds to a further £14 million loss in the first half. Despite the setback, UK-based Monitise predicts revenues will grow by half in 2014, while it will also be pursuing plans to list on London’s main stock exchange. There’s also TD-LTE news from Anite.

It says that value of transfers and payments across its platforms rose 133 per cent TO $71 billion over the period, with some 28 million people now using its services compared to 20 million a year ago.

Set up in 2003 and currently listed on London’s junior Aim market, Monitise’s key shareholders include Visa Europe.

In the past year it has notched up key alliances with the likes of IBM and Spain’s Telefonica.

*Note British mobile testing specialist Anite, says it has been selected to supply additional device testing systems to a major, albeit unnamed Chinese mobile operator {possibly China Unicom] for its TD-LTE device acceptance programme. The selection follows several years of close collaboration between the two parties.

About Dave Evans

Dave Evans is a long established commentator on both the IT and cellular industries. His current focus is on share price trends within the sector. You can email him here
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