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TRADING UPDATES: Crimson Tide revenue up, Thruvision expects decline Thu, 1st Apr 2021 14:56 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Crimson Tide PLC - Tunbridge Wells, Kent-based mobile software firm - For 2020, pretax profit rises 51% to GBP532,000 from GBP352,000 the year before, on revenue growing 21% year-on-year to GBP3.5 million from GBP2.9 million. Revenue growth was driven by new client wins, and expanded relationships with existing customers, in spite of Covid-19, which affected some of the smaller clients. Looking ahead, 2021 has started in line with company expectations. Also announces the raising of up to GBP6.0 million through a placing of 50.2 million shares at 3.0 pence each. Proceeds will go towards further developing the core mpro5 platform, and developed an app-based version for micro-sized businesses. Finncap Ltd will act as bookrunner.

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