News blog
Pixel Interactive Media
- BY: Andrew Hore |
- POSTED: 26/11/2008 |
Competition in China has put pressure on the gross margins of Pixel Interactive Media.
The online advertising company’s 2008 turnover should be 50% higher, which is broadly in line with expectations, but profits will fall short of forecasts.
Pixel still had $4.8m of cash at the end of October 2008.
Shares in Pixel fell 6p to 12p each, which values the company at £4.8m.
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