Watchstone suffers Ogden hit, bulks up legal cost provisions

profit and loss

Watchstone has reported a pre-tax loss of £3.5m for the first half of 2018, with Ingenie still suffering from Ogden woes.

Watchstone’s underlying earnings before interest, taxes, depreciation, and amortization loss was £2.1m, up on the £1.7m Ebitda loss it saw in the first half of 2017.

Total revenues were £19.7m, down

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