Media content producer and distributor mcm entertainment (ASX:MEG) has achieved a pre-audited profit of $640,000 in FY10 – compared to just $20,000 the year before – after launching new online video platform movideo.
The company said it had benefited from improved revenue streams from the mcm media and igloo digital businesses.
mcm said it planned to continue to explore its growing opportunities in digital media going forward.
MEG shares are trading unchanged at $0.160.
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