Impairment charge hampers Intec

Telecoms billing software firm made sales of £124.5m but losses of £7.5m

Intec makes billing software

Telecoms billing software firm Intec's annual revenue rose 8 per cent to £124.5m but the company made a £7.5m loss because of a £14.9m impairment charge.

The group is currently finalising contractual terms with a new chief executive officer.