Snakk narrows first-half loss, fattening margins on rising revenue

Sun, 29 Nov 2015

By Paul McBeth Nov. 30 (BusinessDesk) - Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertisers’ demand, narrowed its first-half loss as it fattened margins on increased revenue, led by faster growth in southeast Asia. The Auckland-based company reported a net loss of $240,000, or 0.9 cents per share, in the six months ended Sept. 30, from a loss of $2.2 million, or 0.83 cents, a year earlier, it said in a statement. Revenue climbed 13 percent to $4.6 million, while direct media costs...

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