LONDON (Alliance News) - Matomy Media Group Ltd on Thursday reported a loss for the three months to March on the back of research & development and other general costs.
This was the first time the company has announced quarterly results and therefore no comparative was provided.
For the first quarter the the advertising firm reported revenue of USD37.6 million, and a pretax loss of USD6.3 million.
Operating loss amounted to USD3.4 million as the group said its core activities are "seasonal" and first quarter advertisement spending is the lowest in the year.
Shares in the company were untraded on Thursday, last quoted at 48.00 pence each.


UK TRADING UPDATE SUMMARY: Mereo To Delist From AIM Amid Nasdaq Focus


IN BRIEF: Matomy Proposes London Share Cancellation For November 23


IN BRIEF: Matomy Media Signs Non-Binding Merger Deal With Automax


UK Shareholder Meetings Calendar - Next 7 Days


EXECUTIVE CHANGE SUMMARY: Fulller's Adds Former YO! Sushi CEO To Board


Matomy Media Loss Widens In 2019 But Company Now In "Safe Harbours"


Tremor International Appoints Former Matomy CEO As Finance Chief


EXECUTIVE CHANGE SUMMARY: Dechra Adds Former Countrywide CEO To Board


Matomy Media Non-Executive Resigns Following Sale Of All Shares


Matomy Media Says Talks Continue With Investors After Medigus Buys In


Matomy Media Chair Resigns And Viola AV Sells Stake