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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.

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Tags financial resultsonline advertisingIPGAASX:IPP

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