oh dear5 Feb 2016 12:39
The board of directors of One Media announces that based on its preliminary assessment of the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the year ended 31st October 2015 (the "Year"), the results for the Year are expected to record a decline of approximately 13% in turnover and 30% in profits before taxation as compared to the corresponding period last year. This is primarily due to unfavourable currency exchange rates and the shift from the consumer digital downloading model to the streaming model.