8th Mar 2016 13:59
LONDON (Alliance News) - Messaging products company Messaging International PLC on Tuesday said one of its large mobile customers has terminated its contract and said its revenue and profit from its traditional messaging products is still weakening.
The company said one of its large mobile customers has said it will terminate the text-to-landline service provided by TeleMessage, a Messaging International subsidiary, effective from March 22.
This will cut around GBP220,000 per year from the company revenue in the year to the end of December 2016, though the impact on profit will be more moderate.
Elsewhere, the company said revenue and profit for its traditional messaging products has continued to decline, but it remains pleased with customer volume growth in these services, including SMS, fax and e-mail products.
Shares in the company were untraded on Tuesday, having last traded at 0.360 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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