3rd Jun 2019 15:37
LONDON (Alliance News) - Mporium Group PLC said Monday the audit for its 2018 results is currently being finalised.
The marketing technology company had previously expected its results to be ready by May but now expects to release them in June.
Shares in Mporium were down 2.2% Monday at 2.64 pence each.
In the first half of 2018, Mporium's pretax loss totalled GBP2.5 million, pulled down from GBP2.4 million by the administrative expenses. These expenses increased to GBP2.6 million from GBP2.4 million, as a result of higher depreciation & amortization of the development costs associated with Mporium's Impact platform.
Revenue grew year-on-year in the half-year ended June 30 to GBP1.2 million from GBP1.1 million driven by sales of Impac, which is Mporium's core product.
In a trading update released in April, Mporium said it has experienced significant growth in the first quarter of 2019 driven principally by the introduction of its new business division, MporiumX, in November last year.
The company noted that revenue booked to the end of February exceeded GBP5.4 million, of which the vast majority was generated through MporiumX.
Related Shares:
MPM.L