30th Oct 2020 14:28
MelodyVR Group PLC - London-based virtual reality content firm - Pretax loss in six months ended June 30 widens to USD10.7 million from USD7.1 million. Revenue is up 48% to GBP189,932 from GBP128,432 a year earlier but Melody books a rise in costs. Administrative expenses climbed 35% to GBP9.4 million. Shares currently suspended pending admission document for reverse takeover of Rhapsody International Inc, which trades as Napster. "We are currently in the process of finalising the admission document process and expect this to be posted to shareholders within a short period of time," Melody adds.
Current stock price: 4.30 pence but suspended from trading
Year-to-date change: down 9.5%
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
MVR.L