Media production and distribution company MCM Entertainment group (ASX:MEG) has swung back to a first-half profit of $590,000, due to improved online content sales.
The company lifted its revenue 22.8% to $2.2 million, while its net debt shrank to $478,963 from $759,692 in 2H09.
MCM reiterated its inability to provide an adequate earnings forecast for the full year, stating its revenue results from January were well below management expectations – falling 11% behind sales from January 2009.
MEG shares are trading unchanged at $0.180.
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