The Hills Ltd (ASX: HIL) share price is having a better day than most.
In afternoon trade the shares of the technology company are up 6% to 17.5 cents.
Why have they climbed higher?
This morning Hills provided the market with a business update and FY 2017 outlook.
According to today's release the company has begun the development of its new digital platform which it believes will deliver increased sales.
Management expects the completed platform to provide its customers with 24/7 e-commerce availability, live inventory, access to invoices, statements, and price books, and the ability to make payments online.
Furthermore, the company plans to launch an asset-tracking solution by the name of HillsTrak and enter into the Fire and DIY markets.
In regards to its FY 2017 outlook, management expects the company to post a full-year statutory loss of between $6 million and $8 million.
This will be a big improvement on the statutory loss of $68.3 million it made in FY 2016.
