Snakk Media 1H sales soar 148 percent as it benefits from smart screen start up

Sun, 01 Dec 2013

Dec. 2 (BusinessDesk) - Snakk Media, ranked sixth in the Deloitte Fast 50 index of the fastest-growing businesses, posted first-half sales growth of 148 percent, helped by the contribution from its smart screen start up. Sales rose to $3 million in the six months ended Sept. 30, from $1.22 million a year earlier, the Auckland-based company said in a statement. Its net loss widened to $837,652 from $723,820 as operating expenses and staff costs almost doubled to $2.2 million. The company, which aggregates publishers’ ad space on mobile device...

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