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Hvivo slashes losses as revenue soars; CFO Graham Yeatman to step down

Thursday, 20th September 2018
Hvivo said Graham Yeatman, Chief Financial & Business Officer, would be stepping down and reported Thursday narrower first-half losses as revenue grew by a quarter.

Graham Yeatman had decided to step down from his position as Chief Financial & Business Officer and would leave the board at the end of December 2018.

Shelley Fraser, currently Vice President, Finance, will become Finance Director with immediate effect, the company said.

For the six months to 30 June, the loss before tax was £5.3m, compared with a loss of £9.1m a year earlier £4.9m.

The company said that it expected to generate a lower level of sales for the second half of the year compared to the first half, but left expectations unchanged for the full year.

'We enter the second half of the year with higher utilisation of the quarantine unit from new client engagements and a growing sales pipeline that is showing signs of converting into a strong contracted pipeline expected to enter the quarantine unit from 2019,' the company said.

At 9:00am: (LON:HVO) hVIVO Plc share price was +5p at 69p

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