Monitise takes 167-mln-stg charge, posts wider H1 loss

February 12, 2016 7:51 AM

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Feb 12 Monitise Plc, a mobile banking technology company, said it took a non-cash impairment charge of 166.8 million pounds ($241.6 million) in the first half for its non-cloud intangible assets.

The company, which reaffirmed its expectation of returning to core earnings profitability in the second half of 2016, said a review of its intangible assets led to a wider loss before tax of 210.5 million pounds in the first half ended Dec. 31.

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