Mobile Streams issued a trading update on Friday. Revenues for H1 indicate a decline to £1.85m vs £3.6m in the prior comparable period. While we had expected a reduction, this is greater than expected and reflects (i) the reengineering of the Indian marketing process previously flagged and (ii) weakness in Argentina. The EBITDA loss for H1 is expected to be c£0.7m. Marketing costs are guided to be dramatically lower as well, so while the revenue movement is large the profit impact is more modest ....
08 Feb 2018
Trading update
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Trading update
Mobile Streams Plc (MOS:LON) | 0.0 0 0.0% | Mkt Cap: 2.39m
- Published:
08 Feb 2018 -
Author:
Johnathan Barrett -
Pages:
3
Mobile Streams issued a trading update on Friday. Revenues for H1 indicate a decline to £1.85m vs £3.6m in the prior comparable period. While we had expected a reduction, this is greater than expected and reflects (i) the reengineering of the Indian marketing process previously flagged and (ii) weakness in Argentina. The EBITDA loss for H1 is expected to be c£0.7m. Marketing costs are guided to be dramatically lower as well, so while the revenue movement is large the profit impact is more modest ....