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Mobile Streams PLC - London-based mobile content provider - Pretax loss widens to GBP3.8 million in the financial year that ended June 30 from GBP2.5 million the year before, as administrative expenses grew 10% to GBP2.2 million from GBP2.0 million, and selling and marketing costs multiply to GBP876,000 from GBP264,000. Mobile Streams also takes goodwill impairments of GBP360,000 and impairments of intangibles of GBP348,000. Revenue, however, jumps 80% to GBP1.8 million from GBP1.0 million a year prior. Attributes this growth to its strategic partnership contract with International Gaming Systems, first signed in 2022, which has now been completed.
Current stock price: 0.060 pence, down 11%
12-month change: down 50%
By Sabrina Penty, Alliance News reporter
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