IN BRIEF: Mirriad Advertising shares drop as annual loss widens
7th Jun 2023 09:28
Mirriad Advertising PLC - London-based in-content advertising technology - Shares collapse by 17% to 3.15 pence in London on Wednesday. Firm says pretax loss in 2022 widens to GBP15.6 million from GBP12.0 million the previous year. Revenue falls to GBP1.5 million from GBP2.0 million. Mirriad says this was due to the impact of Covid-19 on Chinese business and sustained lockdowns in China. Administrative expenses up to GBP16.9 million, from GBP13.9 million, due to the US team growing to 15 staff members from 12. No dividend has been proposed for 2022. Read More