Trading Update

RNS Number : 0803X

Mobile Streams plc

26 August 2015

 

Trading Update

Mobile Streams plc ("Mobile Streams" or the "Company")

(AIM: MOS)

26^th August 2015

Mobile Streams plc ("Mobile Streams" or the "Company") updates the market on its expectations for the current financial year ending 30^th June 2016. As a result of its investment in new products such as ad-funded services and in new geographies such as India and Nigeria, as well as ongoing challenges in its core market of Argentina, the Company expects its revenues to be materially lower than current market expectations and EBITDA to be around breakeven.

The Company will update its guidance in due course and expects to release its full annual audited accounts and report for the year ended 30^th June 2015 in early October 2015. Additionally, the Company plans to hold its Annual General Meeting on 3^rd November 2015 in London.

Enquires:

Mobile Streams
Simon Buckingham, Chief Executive Officer	[phone]
Enrique Benasso,  Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker)
Nic Hellyer	[phone]
Richard Salmond
James Maxwell

 

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