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Plus SMS optimistic

Isle of Man based text messaging company Plus SMS more than doubled its annual loss to almost £6 million but says it still expects solid results next year.

In February, the firm predicted it would earn £9 million and break-even by March next year.

Chief financial officer Les Coates says a new management team was appointed last September and a new business strategy would help profitability.

The company is not paying a dividend for the year.

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