IPGA (ASX:IPP) losses shrink 14% to $1.5m

IPGA (ASX:IPP) losses shrink 14% to $1.5m

Property website operator IPGA Limited (ASX:IPP) has narrowed its net loss 14% in FY10 to $1.5 million, thanks to a 52% increase in revenue.

Sales revenue grew to $2.9 million, but ebitda losses more than doubled to $1.5 million.

The company ended the year with nearly $2 million of cash balances. IPP shares are today trading unchanged at $0.340.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags financial resultsonline advertisingIPGAASX:IPP

Show Comments