Online advertising group Deal Group Media expects to cut its loss this year.
DGM isn’t doing as well as it would have hoped so far this year. The UK operation is profitable but management says it is still well below its potential profit.
Overseas trading is described as “encouraging” but this is still a small part of the business. Management has high hopes for its new regional base in Singapore.
DGM is raising £850,000 at 2.5p a share to finance its expansion in Asia and provide working capital for the rest of the group. Management believes that the group as a whole could return to profit in 2008.
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