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.