VMob first-half loss widens as costs offset surging sales, more fundraising looms

Wed, 09 Dec 2015

By Sophie Boot Dec. 10 (BusinessDesk) - VMob Group, the NZAX-listed mobile voucher developer, widened its first-half loss as costs more than doubled, offsetting a surge in sales, and plans to raise more capital to continue its growth strategy. The net loss was $3.18 million, or 5.2 cents per share, in the 6 months ended Sept. 30, from $1.96 million, or 3.9 cents, a year earlier, the Auckland-based company said in a statement. Revenue jumped to $3.29 million from $610,000, while operating expenses more than doubled to $6.45 million. The...

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