SmartSpace Software books loss as expenses offset 8.8% sales growth

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Space management software group SmartSpace Software booked a first-half loss, as expenses more than offset a rise in revenue.

Pre-tax losses for the six months through July amounted to £1.57 million, compared to year-on-year losses of £0.98 million.

Revenue rose 8.8% to £2.52 million. Cash at 20 October was £3.25 million.