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Mobile Streams

  • BY: Andrew Hore |
  • POSTED: 21/07/2010 |

Mobile content provider Mobile Streams says that it expects to report a small pre-tax profit in the six months to June 2010.

Revenues grew by one-fifth to £4.2m thanks to a tripling of mobile internet revenues which are nearly as high as those of the mobile operator segment of the business. Latin America was particularly strong.

There was £1.4m in the bank at the end of 2009. At 3.75p a share, Mobile Streams is valued at £1.36m.

The cash has fallen by more than £300,000 over the past six months because of investment in Appitalism.com, an app community and commerce website. This website will be launched in a few weeks time and there should be news about its progress when the company’s interim figures are published in September. 

Download the July edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2010_10.pdf

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