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IN BRIEF: Mobile Streams Shares Drop On Widened Annual Loss Wed, 16th Dec 2020 11:29 Mobile Streams PLC - mobile content and data intelligence company headquartered in London - For the year to the end of June, pretax loss widens to GBP1.6 million from GBP565,000 the year before, on revenue that falls by 52% year-on-year to GBP636,000 from GBP1.3 million. The weaker performance is attributed to extremely challenging conditions in Argentina, as a result of the general market environment and regulation for mobile content subscriptions. Declining results also in India due to policy changes from o...

16 December 2020 | 07:51am StockMarketWire.com - Content provider to mobile devices Mobile Streams posted a full-year loss after its revenue more than halved. Pre-tax losses for the year through June amounted to £1.56 million, compared to losses of £0.57 million year-on-year. Revenue fell to £0.64 million, down from £1.34 million. Mobile Streams said market conditions in Argentina in particular, the peso devaluation, had an adverse effect on revenues, leading to increased losses. As a result of the reductions in revenue, a comprehensive cost-cutting programme was undertaken during the yea...