Tungsten Corporation Plc announced earnings forecast of the financial year ended April 30, 2017. Revenue for the period is expected to be in excess of £31 million, representing growth of 20% on the prior year and above previous guidance of at least £30 million for fiscal year 2017. The increase in revenue reflects improved sales momentum, customer contract harmonisation and the impact of currency exchange rate movements. On a constant currency basis, revenue is expected to be 12% greater than the prior year. Tungsten's EBITDA loss for full year 2017 is anticipated to be below £12 million, at least £1 million better than prior guidance and demonstrates continued discipline in cost containment and automation measures, even as exchange rate movements negatively impacted reported costs. The net impact of exchange rate movements on reported EBITDA is expected to be minimal.