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Manaccom swings to $7.3m FY10 loss

Manaccom swings to $7.3m FY10 loss

Software distributor and internet lottery company Manaccom (ASX:MNL) has swung to a $7.3 million FY10 loss on one-off writedowns and restructuring costs.

The company had reported a $2.4 million profit in FY09.

But revenue grew 28% to $75.1 million as a result of a record 56% increase in sales in its in its internet lottery business to $66 million.

MNL shares are today trading unchanged at $0.300.

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Tags ASX:MNLmanaccomfinancial results

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