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MobilityOne Ltd

  • BY: Andrew Hore |
  • POSTED: 12/06/2009 |

MobilityOne Ltd says it will report a loss for 2008.

The Malaysian mobile phone top-ups and electronic payments group expects a loss of £880,000 on revenues of £12.5m. Weak business sentiment hit demand and some projects have been delayed. The loss includes write-downs.

The shares slumped 1.375p to 0.75p each, which values MobilityOne at £590,000. The NAV was £3.8m, or £2.5m excluding intangible assets, at the end of June 2008.

MobilityOne reported a £16,000 profit on revenues of £6.09m in the first half of 2008.

The 2008 figures are likely to be released on 26 June 2009.

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