IN BRIEF: Mobile Streams Expects Annual Results In Mid-December

Mobile Streams PLC - mobile content and data intelligence company headquartered in London - Notes ...

Alliance News 30 November, 2020 | 7:22PM
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Mobile Streams PLC - mobile content and data intelligence company headquartered in London - Notes it will publish results for year ended June 30, in mid-December.

Chair Nigel Burton says: "I would like to apologise to investors for the delay in releasing these accounts. The audit process is close to completion, and no issues or concerns have arisen. Unfortunately, it has simply taken a lot longer than expected to gather all of the information to the required standard for audit testing given the impact of Covid-19 and the disruption caused by restrictions in place in various countries we operate in, most particularly India and Argentina.

"The delays are very disappointing as they happened despite having put in place monthly procedures to bring all our accounting records into a central cloud based system. Further steps are being taken to strengthen our accounting processes and resources to ensure that these delays are not repeated."

Current stock price: 0.26 pence

Year-to-date change: up 63%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Mobile Streams PLC 0.31 GBX 1.64 -

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