(NewsDirect)
Bango PLC (AIM:BGO, OTCQX:BGOPF) chiefexecutive Paul Larbey speaks to Thomas Warner from Proactive afterreleasing a trading update for the first half that the companydescribes overall as being "in line with managementexpectations." Larbey gives an overview of what he calls a"very strong first half of the year", saying that heattributes the success to several contributing factors which includethe strong performance of their underlying payment business and thesuccessful integration of Docomo digital, which was acquired in August2022.
He goes on to draw particular attention to the dealssigned during the period, especially in the US subscription hub marketwhere Bango is already covering over 60% of US consumers. Bango alsorecently secured an £8 million loan from NHSN, which Larbey suggestsprovides the company with the financial flexibility to capitalise ongrowth opportunities and build confidence with larger partners.Despite uncertainty in the wider economy over levels of consumerspending, Larbey says that Bango "has seen on slowdown inspending" on Subscription Video on Demand services iswell-prepared for a busy second half of the year.
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