Rapid dives despite savings

 

Rapid Technology, the point-of-sale technology company, has cut operating loss to £1.5 million (€1.9 million) in the year to the end of June and has reported further growth in turnover. Sales at the company more than doubled to £78,476 and profit margins were higher. Rapid's shares shed more than 40 per cent on the day to €1.05 from €1.80.