ISP Eftel (ASX:EFT) slimmed its 1H losses 43% to $983,000, due to new service launches an a rights issue.
The company’s revenue dipped 3.3% to $18.4 million, a decline more than offset by a $1.7 million capital raising during the half-year.
Eftel also launched Australia’s first prepaid fixed-line broadband plans and further expanded to 150 BroadbandNext exchanges, the company said.
The company ended the period with $1.4 million of cash on hand, and $11.4 million worth of assets.
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