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Q Limited (ASX:QXQ) swings to $28m loss on impairments

Q Limited (ASX:QXQ) swings to $28m loss on impairments

Interactive advertising company Q Limited (ASX:QXQ) has swung to a $27.7 million loss in FY10 due to a substantial one-off impairment.

The company, which had reported a $385,000 profit in FY10, said it had taken a $20.2 million impairment charge in the first half.

Q also incurred one-off costs of $329,000 from the restructure of its media sales business.

Revenue grew 1.7% to $27.6 million. QXQ shares are today trading unchanged at $0.037.

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Tags financial resultsonline advertisingQ LimitedASX:QXQimpairment

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