Moneyweb headline loss widens to R4.91m

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(iStock)
(iStock)

Cape Town - Moneyweb [JSE:MNY] has reported a headline loss of R4.91m for the financial year ended June 30 2016 and the basic and diluted loss per share increased by 63% to 4.62 cents.

Moneyweb’s revenue as a whole has increased by 11% year-on-year to R28.304m (compared to R25.501m over the previous period), while expenses increased by 18% over the same period. This has led to an operating loss of R6.175m and the headline loss of R4.91m.

The operating loss reported for the first six months of the financial year was R3.541m and for the second six months it was R2.634m.

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