Trading and IUL integration update

MedaPhor Group plc (AIM: MED), the intelligent ultrasound software and simulation company, announces an update on trading and the integration of the artificial intelligence business, Intelligent Ultrasound Limited (“IUL”), which was acquired by the Company in October 2017. Trading update The Company can confirm that Group turnover for the year to 31 December 2017, which was generated entirely by the Group’s simulation businesses, is expected to grow by 27% to £4.2m (2016: £3.3m). The loss for the year before tax, share based payment charges and amortisation arising on the acquisition of intangible fixed assets acquired with IUL, is expected to [...]