SSP posts loss for 2018 after £25m goodwill write down

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SSP has reported a post-tax loss of £38.2m for the year ended 31 March 2018 after a loss of £13.3m the previous year.

The technology company flagged that it had been hit by a goodwill impairment of £25m this year.

The firm stated that without this and other non-cash costs – loan note interest and intangible asset amortisation – it would have delivered a profit of £11m.

Revenue for the year slipped by 3% to £85.3m.

R&D boost
The software specialists acknowledged that transactions revenue fell

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