Snakk narrows annual loss as South East Asia sales more than double

Tue, 31 May 2016

By Paul McBeth May 31 (BusinessDesk) - Snakk Media, which aggregates publishers' advertising space on mobile devices and matches it to demand, narrowed its annual loss while more than doubling sales in South East Asia, which now eclipse revenue in New Zealand. The Auckland-based, Sydney-headquartered company reported a loss of $581,000 in the 12 months ended March 31, down from a loss of $4 million a year earlier. Revenue climbed 15 percent to $10.5 million, including a 165 percent jump in sales across South East Asia to $1.8 million. ...

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