Snakk boosts annual revenue 40% amid push into South East Asia, loss more than doubles

Thu, 11 Jun 2015

By Paul McBeth June 12 (BusinessDesk) - Snakk Media, which helps brands find and reach consumers using apps, games and social media on their smartphones, tablets and other smart screens, lifted annual sales 40 percent as it pushed into South East Asia, and fattened gross margins through the second half of the year, while its loss more than doubled. The Auckland-based company reported a loss of $4.26 million, or 1.68 cents per share, in the 12 months ended March 31, from a loss of $1.89 million, or 0.74 cents, a year earlier, it said in a...

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