News blog
Media Corporation
- BY: Andrew Hore |
- POSTED: 12/10/2011 |
Media Corporation says that its revenues increased 46% to £35m in the year to September 2011 and the reported pre-exceptional loss will be lower.
Online advertising business Eyeconomy increased its revenues by 160% to £7.3m. Online gaming business Purple Lounge increased revenues by 29% and accounted for nearly all the rest of the revenues. Registered customers increased from 100,000 to 120,000.
XCAP forecasts a loss of £1m in 2010-11 and expects this to turn into a profit of £400,000 in 2011-12.
The cash balance has remained stable at £2.2m. At 1.75p a share, Media Corp is valued at £5.94m.
Full year figures will be published in December.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|