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Mobile Streams PLC - London-based mobile content provider - Reports a pretax loss of GBP1.0 million for the year ended June 30, narrowed from GBP1.6 million the year before. Firm booked GBP953,000 in the previous year on the derecognition of subsidiaries, an expense which did not repeat in the recent period. Full-year revenue totalled GBP395,000, down 38% from GBP636,000 the year prior. Attributes this to challenging trading conditions in Argentina, which equated to 58% of revenue. Believes that its LiveScores service and Streams Data offering could create significant opportunities. Says the main focus for this year will be growing and developing the product and sales pipelines for these businesses.
Current stock price: 0.37 pence
Year-to-date change: up 62%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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