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Galleon Holdings

  • BY: Andrew Hore |
  • POSTED: 30/09/2010 |

Entertainment content and distribution business Galleon Holdings says that its figures for the year to September 2010 will show no improvement on the interim results. 

This is below market expectations because key deals have not been signed. Galleon reported a loss of 819,000 on revenues of 7.97m in the six months to March 2010.

Galleon is hopeful that the deals it is negotiating can be signed in the near future.

Galleon estimates that it has 2.7m in the bank.

Galleon has sold the Latin American rights to its content library and it will receive royalties as a consequence of the deal.

At 6.5p a share, down 1.5p on the day, Galleon is valued at 10.9m.

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