Jumbuck (ASX:JMB) slumps to $2.4m FY10 loss

Jumbuck (ASX:JMB) slumps to $2.4m FY10 loss

Mobile entertainment company Jumbuck Entertainment (ASX:JMB) has swung to a $2.4 million loss in FY10, from a $4 million profit the year before.

Revenue fell 30% to $13.4 million, while operating ebitda fell to $2.7 million from $7.9 million.

The company said these results reflect the business in transition as it restructures in response to rapid industry changes.

JMB shares have today fallen 10.5% to $0.170.

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Tags mobile applicationsJumbuck EntertainmentASX:JMB

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