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  • BY: Andrew Hore |
  • POSTED: 08/11/2012 |

Mobile financial services provider Vipera says that it will generate higher revenues than expected in 2012.

The share price rose 25% to 5p, valuing Vipera at 6.47m.

Vipera provides mobile financial services and technology, which includes mobile banking and money transfer.

Vipera will generate more than 500,000 from its largest ever contract and other business has been won. The full value of that large contract, which is with a major Italian gaming business, is 1.5m over three years.

To put these revenue figures in perspective, in 2011 total revenues were 660,000.

In the summer, Vipera pulled out of a potential merger. The share price is still well below the 8.5p a share suspension price.

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