Motive Television 2009 Pretax Loss Narrows By 32%

LONDON (Dow Jones)--Motive Television PLC (MTV.LN), a digital television services and solutions group, said Wednesday pretax loss for 2009 narrowed by 32%, adding that over the next 12 months it will focus to ensure the success of the BesTV brand while seeking further opportunities to invest in new technologies. MAIN FACTS: -Revenue for the year ended Dec. 31, 2009, GBP3.3 million (2008: GBP4.1 million) -Pretax loss GBP1 million (2008: loss GBP1.4 million) -Diluted loss per share 0.29 pence (2008: loss 0.6 pence) -Cash at bank and in hand GBP220,123 (2008: GBP731,040) -Board doesn't recommend dividend payment -Shares at 0737 GMT down 0.07 pence or 16.7%, at 0.38 pence, valuing the company at GBP2.1 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires June 30, 2010 03:38 ET (07:38 GMT)