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CloudCoCo boss lauds significant progress as pre-tax losses fall

But while the company s trading group EBITDA increased 435 per cent to £364,000, overall revenue fell from £4.43m to £4.14m year-on-year, though this did increase from the £3.54m recorded in the second half of 2020. I am proud to report another period of significant progress for the group, with execution against all of our company objectives and continued growth in our profitability, with trading EBITDA in the first half up 435% year on year on the prior period, said CEO Mark Halpin. We have delivered a resilient performance in the period, with notable revenue and total contract value increases on the second half of 2020, despite the continued impact of Covid on the trading environment.

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