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01 Apr 2019 | 09:18

Matomy Media posts deeper annual loss after exiting data-driven platforms

Advertising technology company Matomy Media Group booked a deeper annual loss after it exited all of its data-driven advertising platforms.

Net losses for the year through December amounted to $46.6m, compared to losses of $14.4m on-year.

The figure included a loss on discontinued operations of $39.8m.

Pre-tax losses from continuing operations amounted to $3.3m, compared to losses of $16.3m on-year.

Revenue more than halved to $88.7m.

'Matomy underwent a number of changes in 2018, including a shift in focus and management,' chairman Sami Totah said.

'Under the leadership of Liam Galin, the company exited all activities that were sapping resources from the profitable domain monetization activity.'

'The results published in this report validate these steps and today Matomy is well positioned to move forward as the leading innovative force in the domain monetization marketplace.'





At 9:18am: (LON:MTMY) Matomy Media Group share price was +0.36p at 6.01p

Story provided by StockMarketWire.com
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