Two Way (ASX:TTV) narrows losses 41% to $3m

Two Way (ASX:TTV) narrows losses 41% to $3m

Interactive media content producer Two Way Limited (ASX:TTV) has narrowed its losses 41% to $3 million in FY10, thanks to growing revenue and lower costs.

The company said revenue grew 17% to $1.65 million, in what was its strongest recorded results in its history.

Operating costs were cut by 3%, while depreciation and amortisation costs shrank 73%.

“The company continues to grow and demonstrate its potential as a developer and operator of advanced interactive technology, particularly for wagering companies,” Two Way chairman Stuart McGregor said.

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Tags financial resultsTwo WayASX:TTVStuart McGregor

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