musicMagpie’s (MMAG) trading update for the year ended November 2021 is encouraging given the differing revenue trends of the individual business lines and the changes in mix, namely, a greater contribution from Technology, which has a higher cash profit but lower percentage margin. Technology was better than expected, with an acceleration in revenue growth in H221 despite the likely dampening effect from the substitutional impact of lower one-off revenue in the short term as MMAG builds a recur ....
16 Dec 2021
musicMagpie - Diverging trends in H221
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musicMagpie - Diverging trends in H221
musicMagpie plc (MMAG:LON) | 6.5 0 0.0% | Mkt Cap: 7.01m
- Published:
16 Dec 2021 -
Author:
Russell Pointon -
Pages:
2
musicMagpie’s (MMAG) trading update for the year ended November 2021 is encouraging given the differing revenue trends of the individual business lines and the changes in mix, namely, a greater contribution from Technology, which has a higher cash profit but lower percentage margin. Technology was better than expected, with an acceleration in revenue growth in H221 despite the likely dampening effect from the substitutional impact of lower one-off revenue in the short term as MMAG builds a recur ....