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Moneyweb reports headline loss

Johannesburg - Integrated media group MoneyWeb Holdings [JSE:MNY] said on Friday that it had recorded a basic and diluted headline loss of 3.06 cents for the year ended March, from diluted headline earnings per share (Heps) of 2.16c previously.

It noted basic and diluted losses per share of 3.94c, from diluted earnings per share of 2.15c in 2010.

Revenue climbed to R35.37m from R27.16m, but the group underlined a total comprehensive loss of R3.79m from a previous income of R1.11m.

"Another year of circa 30% revenue growth confirms that our strategy over the last 18 months of extending and deepening our various web and broadcast platforms is producing the desired financial result," Moneyweb said.

It added that during the year it concluded an arrangement with the Caxton and CTP Publishers and Printers [JSE:CAT] in terms of which Moneyweb would build, manage and operate a portfolio of community websites under the looklocal brand.

"By year-end, 29 looklocal sites had gone live and we expect to complete the initial roll-out by March 31 2012.

"Subsequent to year-end we have launched our first iPad application for Mineweb, which is available for download on the Apple iTunes store.

"Plans are well advanced for additional applications, both on the Apple and Android platforms," the group said.

 
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