Snakk Media posts first positive quarterly earnings as sales rise 13%

Tue, 20 Oct 2015

By Paul McBeth Oct. 21 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent. The Auckland-based company reported earnings before interest, tax, depreciation and amortisation of $50,541 in the three months ended Sept. 30, compared to an ebitda loss of $1.24 million a year earlier, its first positive quarterly ebitda result since it was set up in 2010, it said in a statement. Sales climbed to $2.32 mil...

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