Monitise rockets on half year guidance

Monitise, the mobile banking company, has seen its shares rocket this morning after issuing positive guidance on revenues for the six months to the end of December.

Monitise, the mobile banking company, has seen its shares rocket this morning after issuing positive guidance on revenues for the six months to the end of December.

Income for the period is expected to be approximately £15m, compared with £5.3m in the prior year. This means the company's half year revenues will be greater than the total full year figure for last year. Gross margins, however, are expected to remain steady at 62%.

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