IE loss turnaround

Intelligent Environments, the e-commerce vendor, has managed to decrease its loss from £3 million in 1997 to £1 million for 1998. The company's revenue climbed by 49 per cent to £6.63 million for the year ended 31 December 1998. To further the company's expansion, it is also to raise nearly £7.5 million through the issue of shares.